Investors fear CGT hike as Sunak vows to get public finances on track

2020 CGT revenue reached record £9.9bn

Investors are being told to consider selling assets such as property and investments as tax experts predict capital gains tax (CGT) rates will rise next year.

Revenue from capital gains tax (CGT) reached a record £9.9bn last year, even as the number of taxpayers fell, according to the latest figures from HMRC. Investors fear even higher CGT rates next year as Chancellor Rishi Sunak tries to move the UK's public finances onto a more sustainable footing after the coronavirus pandemic stimulus. Investors on 'high alert' as OTS proposals could triple population subject to CGT "This is likely to just be the start of record years for the amount brought in by CGT and preliminary data from the ONS is already showing this will be the case. At the...