Neil MacGillivray: Are we about to wake up to new CGT nightmares?

Déjà vu?

clock • 4 min read

With capital gains tax (CGT) being the latest tax to go under the potential reform spotlight, Neil MacGillivray suspects further CGT alternations could lead to even more tax nightmares ...

The Institute for Public Policy Research (IPPR) issued a report in September, Just tax: Reforming the taxation of income from wealth and work, just in time for the start of what turned out to be a much-shortened conference season. Part of the reform proposed by the IPPR included that capital gains should be taxed at the same rates as income, and consideration given to introduce some form of indexation relief in order that gains equivalent to the rate of inflation are not taxed. Got a feeling of déjà vu? Gains were first tied to the rates of income tax more than 30 years ago and that r...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

Quilter boosts bereavement team by 50% ahead of pension IHT changes

Quilter boosts bereavement team by 50% ahead of pension IHT changes

An opportunity to ‘prove the value of financial advice’

Sophia Panayi
clock 13 October 2026 • 2 min read
The Conservative IHT family home pledge and the behaviour it may reward

The Conservative IHT family home pledge and the behaviour it may reward

'Taxation raises revenue. It also changes behaviour, sometimes as intended, sometimes not'

Tony Müdd
clock 12 October 2026 • 5 min read
The tax levers advisers should watch – whatever the Budget brings

The tax levers advisers should watch – whatever the Budget brings

Rather than any single flagship measure, several tax ideas keep resurfacing in the Budget debate, from property reform and a possible return of CGT indexation relief to taxing middle earners more. Michael Edwards sets out the levers advisers should have...

Michael Edwards
clock 09 October 2026 • 3 min read