Asked by: Peter Aldous (Conservative - Waveney)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether he plans to undertake a Capital Gains Tax rebasement for assets acquired after 31 March 1982.
Answered by Jesse Norman - Shadow Leader of the House of Commons
The Government does not have plans to rebase assets for the purposes of calculating CGT. Revaluation would be costly and burdensome for both individuals and the government, as a professional valuation of the assets in question would be necessary.