All the updated news related to capital gains tax

All the news related to capital gains tax updated in real time

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Chancellor weighs up rise in capital gains tax in bid to fix £50bn black hole

The Chancellor is looking at raising taxes on the sale of assets such as shares and property as he weighs up “difficult decisions” to address a £50 billion black hole in the public finances. He is also considering an increase in dividend tax, in a ...

04 Nov 2022 at 01:34

Rachel Reeves says Labour does not plan to increase capital gains tax

Labour does not plan to increase capital gains tax, shadow chancellor Rachel Reeves has indicated, despite deputy leader Angela Rayner appearing to suggest rates were too low. Prime Minister Rishi Sunak last week released a summary of his tax ...

30 Mar 2023 at 10:21

Rishi Sunak branded ‘Mr One Percent’ by Keir Starmer

Sir Keir Starmer branded Rishi Sunak “Mr One Percent” as the Labour leader launched his party’s campaign for the May local elections. With Labour hoping to pick up seats in the May 4 polls in England, Sir Keir sought to contrast its approach ...

30 Mar 2023 at 15:14

Personal Finance

9.9% increase in taxes collected in 2022-23

Around £786.6 billion was collected in taxes in 2022-23, marking an increase of 9.9% from the year before, according to provisional HM Revenue & Customs (HMRC) figures. Income tax, capital gains tax and National Insurance (NI) contributions ...

25 Apr 2023 at 10:57

Taxes, borrowing and spending up in Rachel Reeves’ first Budget

Rachel Reeves announced £40 billion a year in extra taxes as she increased Government borrowing and spending to “rebuild Britain”. The Chancellor’s plans will see the tax burden reach an historic high, while borrowing increases by an ...

30 Oct 2024 at 16:40

‘No reason’ for Budget to make entrepreneurs want to leave UK, Starmer insists

Entrepreneurs will find “no reason” to want to leave the UK following next week’s Budget, Sir Keir Starmer has said. The Prime Minister hailed the October 30 fiscal event as a historic moment, describing it as Labour’s first chance ...

23 Oct 2024 at 22:30

Reeves increases taxes by £40bn to address ‘black hole’ in public finances

Reeves hikes taxes by £40bn to address ‘black hole’ in public finances

Chancellor Rachel Reeves set out a Budget which will increase taxes by £40 billion as she promised to “fix the foundations” of the economy and repair the public finances. In the first Labour Budget since 2010 – and the first ever ...

30 Oct 2024 at 14:26

Reeves uses first Budget to hike taxes, increase borrowing and boost spending

Rachel Reeves raised taxes to a historic high and sent borrowing soaring as she gambled on increased spending to boost growth and repair public services. The Chancellor used her first Budget to announce £40 billion a year in ...

30 Oct 2024 at 17:55

Sunak vows to slash immigration and taxes as he battles to keep place in No 10

Rishi Sunak pledged to halve immigration and unveiled a £17.2 billion package of tax cuts as he fought to keep his place in No 10. With Labour’s poll lead stubbornly around 20 points, the Tory leader sought to get the ...

11 Jun 2024 at 17:27

Nigel Farage reveals he has made £189k from advertising gold

Nigel Farage has made £189,000 from advertising gold since he was elected as an MP, his register of interests has revealed. The Reform UK leader has registered a £189,300 payment from Direct Bullion, a gold dealer ...

07 Jan 2025 at 17:46

Sunak to pledge 2p national insurance cut and first-time buyer help in manifesto

Rishi Sunak is expected to put tax cuts and help for first-time buyers at the heart of the Conservatives’ election manifesto, with a flagship pledge to cut national insurance by a further 2p. The Prime Minister’s ...

11 Jun 2024 at 10:09

Life

These 4 big tax mistakes could be draining your finances – here’s how to avoid them

Knowing which tax pitfalls to avoid can be a big help when it comes to being smart with your money. Here, Shona Lowe, a financial planning expert at abrdn, highlights the common mistakes people risk making when ...

08 Sept 2023 at 07:45

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