Posted: Jan 08, 2021
Recommendations by the Office of Tax Simplification (OTS) on the future shape of capital gains tax (CGT) could have a significant impact on investment, and the advice we provide.
The Government requested the OTS undertake a review of CGT in July with a particular focus on areas where the existing rules can distort taxpayer behaviour. The OTS report asks the Government to consider making changes which will have a significant impact on some investors. It is therefore important that you understand what changes could be on the horizon.
The key proposals: