UK Scrutinizes Capital Gains Tax, Denies Big Changes Afoot

Law360 (July 15, 2020, 8:08 PM EDT) -- HM Treasury said it began reviewing how it taxes capital gains for U.K. people and companies, to ensure the current system can handle the task, but the agency insisted the move didn't signal a major policy change.

The announcement Tuesday came in conjunction with the publication of a letter from Britain's top finance official, Chancellor of the Exchequer Rishi Sunak, who asked Treasury's Office of Tax Simplification to investigate how capital gains are taxed "in relation to individuals and smaller businesses." However, he didn't specify an income threshold for either group.

The review should identify and offer advice about ways to...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related Sections

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!