Will Sunak honour pre-pandemic pledges?
- On March 3, 2021
- By GrowthInvest Marketing
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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