Londoners pay ‘astonishing’ 30 per cent of UK’s capital gains tax
- On December 2, 2020
- By Chris Gosling
Londoners pay nearly 30 per cent of the UK’s capital gains tax, with taxpayers in Kensington and Chelsea forking out the most, according to a new study.
The research published this morning showed that London accounts for 29 per cent of the tax, despite being home to just 13 per cent of the UK’s population.
Londoners paid £2.5bn last year, up 24 per cent from the previous year, while the total paid in the UK was £8.8bn, the analysis by private equity firm Growthdeck found.
The London borough of Kensington & Chelsea is the UK’s hotspot, with residents paying £516m last year – six per cent of the bill – despite housing just 0.2 per cent of the country’s population.
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