Macintyre Hudson: Increasing the main rate of Capital Gains Tax to 25%
Both the Conservatives and Liberal Democrats have commented on the illogical discrepancy between the main rate of Capital Gains Tax (18%) and the standard and higher rates of Income Tax (currently 20% and 40% respectively). As savings within ISAs and pensions are not liable, and the first £10,000 of gains are exempt, Capital Gains Tax is typically only paid by high earners.
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