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Reeves to use Budget to hike capital gains tax on sale of shares – reports
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Existing CGT on profits from the sale of shares is currently levied at 20% and is expected to rise by «several percentage points», according to The Times. As part of the tax hike, Reeves is also expected to end a swathe of reliefs that currently exist, as she attempts to gather revenues to address the £22bn fiscal deficit she inherited. One government source told The Times that potential revenues from this policy could be in the «low billions». Think-tank IFS urges government to carry out 'serious' capital gains tax reform A Treasury spokesperson said: «We do not comment on spec...
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