This week, the chancellor delivers his latest Budget.

With lockdown playing havoc with UK employment levels and economic activity, it goes without saying that pandemic support is likely to play a central role in the new budget.

But we can also expect changes to the current tax rules that will impact individuals and their financial plans.

A potential rise in the rate of capital gains tax has already been well publicised.

The first report from the Office for Tax Simplification has been published and includes a recommendation to increase CGT rates to align more closely with those of income tax, on the grounds that the gap between CGT and income tax distorts taxpayers’ behaviour.

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