The UK’s latest Capital Gains Tax (CGT) figures could represent a “watershed moment” for the regime, Richard Jameson, a partner in the private wealth team at accountancy firm Saffery Champness, has claimed.
In the 2019 to 2020 tax year, the total CGT liability was up three percent to £9.9 billion from 265,000 taxpayers. This liability was realised on £65.8 billion of gains.
While the total amount of CGT increased, the number of taxpayers fell by six percent.
Most ...
Start a free trial now for access to breaking news of the regulatory environment and legislative change happening in wealth management.
You are currently not logged in,
login to view the full article
start by clicking this button.
Need a subscription,
fill out the form here or
contact subs@eprivateclient.com
PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.
Read more about PAMeprivateclient is the leading website and news service for private client practitioners, including lawyers, accountants, trustees and fee-based IFAs.
Read more
