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

IHT on pensions: Why the compliance challenge is bigger than the tax change

IHT on pensions: Why the compliance challenge is bigger than the tax change

Advisers are revisiting long-held assumptions

Lauren Kiley
clock 08 July 2026 • 4 min read
OBR forecasts rise in IHT and CGT take as ageing population increases

OBR forecasts rise in IHT and CGT take as ageing population increases

Expected to increase from 1.4% to 2.2% of GDP

Isabel Baxter
clock 08 July 2026 • 2 min read
Business Relief after April 2026: Why advisers are reassessing AIM

Business Relief after April 2026: Why advisers are reassessing AIM

'This does not signal the end of AIM within estate planning'

Nick Jones
clock 06 July 2026 • 5 min read