British family sells $10m Van Gogh to avoid rise in capital gains tax February 26, 2021 A British family are selling a Vincent Van Gogh drawing for a record breaking $10m (£7.1m) to avoid a potential rise in capital gains tax in next Wednesday’s budget. Thomas Gibson, a London art dealer, and his three sons have decided to sell the Van Gogh alongside seven other works, including art by Lucian Freud [...]
Crypto markets undergo brief correction after Bloomberg reports that Biden plans to double capital gains taxes for the rich April 26, 2021 Cryptocurrency markets undergo brief correction after Bloomberg reports that Biden plans to double capital gains taxes for the rich.
How does the UK’s capital gains tax compare to other nations? November 20, 2020 How does the UK's capital gains tax compare to other nations?
Londoners pay ‘astonishing’ 30 per cent of UK’s capital gains tax November 25, 2020 Londoners pay nearly 30 per cent of the UK’s capital gains tax, with taxpayers in Kensington and Chelsea forking out the most, according to a new study. The research published this morning showed that London accounts for 29 per cent of the tax, despite being home to just 13 per cent of the UK’s population. [...]
Individuals rush to sell assets as capital gains tax bill rockets to £10.1bn December 23, 2020 The UK’s capital gains tax (CGT) bill has hit £10.1bn, up more than fourfold from £2.5bn a decade earlier, prompting people to sell their assets. Despite the increase of nearly £7.5bn in a decade, more CGT could be demanded from the taxpayer. The Office for Tax Simplification recently recommended the Chancellor increase CGT rates in [...]
Exclusive: Capital gains tax on French properties to soar for UK residents post-Brexit December 2, 2020 UK residents with a second home in France will have to pay substantially more capital gains tax on property sales starting from next year when Britain leaves the Brexit transition period. French tax authorities confirmed today that UK residents will no longer benefit from the EU exemption from a social levies tax and will need [...]
Government advisory body tells Rishi Sunak to hike capital gains tax November 11, 2020 Rishi Sunak should double capital gains tax rates in order to reel in an extra £14bn, according to the government’s tax advisory body. The Office for Tax Simplification today released its findings on a review ordered by Sunak, telling the chancellor he should increase the rate of capital gains tax and slash exemptions to take [...]
Small business would suffer from a capital gains tax hike – not just investors September 28, 2020 Capital gains tax (CGT) increases were reported to be in the chancellor’s sights before the Autumn Budget was cancelled to allow Rishi Sunak to focus on his winter economic plans. However any changes to CGT down the line could discourage small business investment just when it is needed most, says Claire Madden. Has there ever been a [...]
Rishi Sunak orders review into UK capital gains tax July 14, 2020 Chancellor Rishi Sunak has commissioned a report into capital gains taxes, which could lead to the government increasing the tax burden to help pay for its coronavirus spending. Sunak has asked the Office of Tax Simplification to conduct the review, with the body launching a survey today asking for “evidence to seek views about capital [...]
Starmer paid more than £99,000 in tax, latest return shows February 17, 2024 Sir Keir Starmer paid £99,431 in tax last year, according to a summary released by Labour, after making £275,000 in capital gains.