Capital Gains Tax

(asked on 30th June 2020) - View Source

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 Portrait
Jesse Norman
This question was answered on 7th July 2020

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.

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