Capital gains tax has been touted as the likeliest tax hike in October’s Autumn Budget, with the chancellor reportedly mulling a rate rise to as high as 45%, reports have suggested.
The I reported last Wednesday that CGT was the "front-runner" when it comes to potential tax increases in the 28 October Budget. The paper pointed to a "source close to Downing Street" as having said that CGT would be high on the list of measures. The Telegraph reported yesterday (20 September) that prime minister Andy Burnham and chancellor John Healey could be considering raising CGT to "as high as 45%" as they look to increase the income tax personal allowance. Labour donor Dale Vince is reported to have sent the policy proposal to equalise CGT with income tax to the Treasury an...
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