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Capital Gains Tax bill reaches almost £9 billion

News Team, 02/08/2019

The UK’s Capital Gains Tax (CGT) bill hit £8.8 billion in 2017-18, representing a 14 percent increase from the previous year.

Individuals paying CGT also rose by three percent to 381,000. Those aged 55-64 were most likely to pay, followed by 65-74 year olds.

The majority of CGT (62 percent) was paid by those with gains over £1 million. This is a slight increase from last year, where gains over £1 million made up 61 percent of CGT payments.

Chargeable capital gains stood at £57.9 billion, a 13 percent increase and the highest figure on government record.

Sarah Coles, personal finance analyst, Ha...


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