Equalise Income Tax and Capital Gains Tax

Currently the Income Tax rates are twice those of the Capital Gains Tax rates. These should be equalised. 2020/21 tax year rates were as follows, including NIC's: Income Tax rates - 32% (29% SE), 42% & 45%. Capital Gains Tax rates - 10% & 20%. Except for a few exceptions.

This petition closed on 27 Jan 2021 with 33 signatures


Reticulating Splines

You may be interested in these active petitions

1. Exempt all pensioners from council tax - 7,865 signatures
2. Raise Bereavement Support Payment and extend beyond 18 months - 25,216 signatures
3. Commission a full Independent Review of Council Tax and Stamp Duty - 3,148 signatures
4. Introduce a Pension Tax Lock to help protect retirement savings and incentives - 23,072 signatures
5. Raise the income tax personal allowance from £12,570 to £20,000 - 72,988 signatures

Capital Gains are, in the majority (62% in 17-18), made by people with gains of over £1M.

When National Insurance Contributions are taken in to consideration people generating income through Capital Gains are paying a third (lower rate) to half (higher rate) of those in employment.

This is entirely unfair. It's as simple as that.

If the systems were equalised the income to the UK economy could gain an estimated £60 billion additional tax.


Petition Signatures over time

Constituency Data

Reticulating Splines