Neil MacGillivray: CGT hike worries could be wide of the mark

OTS reports

clock
Neil MacGillivray: "The OTS has been keenly focused on a major re-vamp of National Insurance (NI) since its inception."
Image:

Neil MacGillivray: "The OTS has been keenly focused on a major re-vamp of National Insurance (NI) since its inception."

With capital gains tax (CGT) the subject of the Chancellor’s latest tax review, fears are that a tax hike is imminent, writes Neil MacGillivray. However, going by past OTS reports it may not all be doom and gloom…

The Office of Tax simplification (OTS) has been asked by the Chancellor, Rishi Sunak, to review Capital Gains Tax (CGT). This has led to lots of speculation that it will result in a tax hike to mit...

To continue reading this article...

Join Professional Adviser

 

  • 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

The U-turn comes after several Tory MPs voiced their opposition to the plan | Credit: HM Treasury

Chancellor scraps plans to remove 45% income tax rate for high earners

'Has become a distraction from our overriding mission'

Valeria Martinez
clock 03 October 2022 • 2 min read
High net worth 'did not ask for tax cuts' survey finds

High net worth 'did not ask for tax cuts' survey finds

Almost three quarters of HNW think they pay the right amount of tax

Hope William-Smith
clock 27 September 2022 • 1 min read
When is a tax cut not a tax cut? Scott Gallacher's take on the Mini Budget

When is a tax cut not a tax cut? One adviser's take on the Mini Budget

IFA Scott Gallacher shares his thoughts on 'cutting' taxes

Scott Gallacher
clock 23 September 2022 • 2 min read