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Written Question

Capital Gains Tax: Reform

Thursday 8th May 2025

Asked by: Luke Myer (Labour - Middlesbrough South and East Cleveland)

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what plans she has for reform of Capital Gains Tax.

Answered by James Murray - Exchequer Secretary (HM Treasury)

At Autumn Budget 2024, the Government increased the main CGT rates to 18% and 24%. The new CGT rates strike the right balance between raising revenue to repair the public finances and improve public services, while remaining internationally competitive, with lower headline rates than France, Germany and Italy.