By Katharine Arthur, partner at haysmacintyre
The chancellor, Rishi Sunak, has commissioned a review of the Capital Gains Tax (CGT) rules from the Office of Tax Simplification (OTS), coming quite unexpectedly just a few days after the summer statement.
The review is set to look at the regime for individuals and small businesses, but otherwise has an extremely wide scope – raising a host of questions and speculation around what will come next.
The aim is to “simplify the taxation of chargeable gains” and “to ensure the system is fit for purpose and make the experience of those who interact with...