Capital Gains Tax: Income Tax
(asked on 25th October 2022) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what recent assessment has he made of the potential merits of aligning Capital Gains Tax rates with Income Tax.
This question was answered on 28th October 2022
As set out in the Government’s response to the Office of Tax Simplification's report on Capital Gains Tax (CGT) on 30 November 2021, substantial reforms to CGT rates and allowances would involve a number of wider policy trade-offs and so careful thought must be given to the impact that they would have on taxpayers, as well as any additional administrative burden on HMRC.
The Government will continue to keep the tax system under review to ensure it is simple and efficient.