John Healey rejects calls to raise capital gains tax at the Budget

Healey to reject calls to raise capital gains tax in budget

Cabinet colleagues have previously called for an increase but chancellor feels it might ultimately cost the Treasury John Healey will not raise capital gains tax in next week’s budget, despite previous calls to do so from cabinet colleagues including Louise Haigh and Wes Streeting. The chancellor has decided that any increase might ultimately cost the Treasury if wealthy individuals defer the sale of assets or move t…

20 Oct, 07:27

John Healey rejects calls to raise capital gains tax at the Budget

The Chancellor has faced a barrage of voices urging him to raise the tax, which applies to the profit made from selling off assets.

20 Oct, 07:23

Chancellor rejects calls to raise Capital Gains Tax in Budget

Influential Labour figures had been pushing for equalising CGT and income tax, but critics have said this could drive wealthy people out of Britain.

20 Oct, 01:31

Healey rejects calls to equalise capital gains and income tax rates

Chancellor John Healey has reportedly rejected calls by senior Labour figures to raise capital gains tax to the same levels as income tax, after warnings that an increase would harm Britain’s appeal to investors. Several senior cabinet ministers have in recent months called for capital gains tax (CGT) to be equalised with income tax in [...]

13 Oct, 11:57

Healey rejects calls to equalise capital gains and income tax rates

UK proposal had been backed by senior Labour figures, triggering nervousness among entrepreneurs and investors

13 Oct, 09:06