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...