OTS Capital Gains Tax Review Published 20 May 2021

On 20 May 2021 the OTS, the Office for Tax Simplification,  published its second report into capital gains tax (CGT) after being requested by the Chancellor  to review the law in 2020. Fourteen recommendations have been made by the OTS…
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The Future of Capital Gains Tax

On 14 July the chancellor wrote a letter to the Office of Tax Simplification requesting it “undertake a review of capital gains tax”. Interestingly, there was no announcement of the letter on the Treasury website. The tone of the correspondence…
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Office of Tax Simplification to review CGT 

The Chancellor has asked the Office of Tax Simplification (OTS) to undertake a review of capital gains tax (CGT) and aspects of the taxation of chargeable gains, in relation to individuals and smaller businesses. In his letter commissioning the review,…
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Capital Gains Tax overhaul ‘to raise £90bn’?

Bringing taxation on assets in line with the regime for income tax could raise £90bn over five years, according to a recent report from the Institute for Public Policy Research (IPPR) which is calling for the removal of the capital…
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