This is a news story, published by Telegraph, that relates primarily to CGT news.
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high capital gains taxTelegraph
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69% Informative
Economists fear the Chancellor will put economic growth in jeopardy if she targets investors as widely expected in her Budget on Oct 30.
A 10 percentage point increase in the higher rate of capital gains tax ( CGT ) would lose the Exchequer 2bn of revenue in 2027-28 .
The side effects of a high CGT could include fewer property transactions as landlords avoid selling homes.
Carried interest allows private equity fund managers to pay a reduced rate of tax on earnings.
Labour wants to close what it has branded a loophole’ and treat this performance-related pay as income.
The Tories claimed ahead of the election that the policy could cost up to 900m a year.
VR Score
78
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