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Private Wealth Migration ReportCityAM
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75% Informative
The Resolution Foundation proposes an exit tax on all capital gains tax on those who move to the UK .
The think tank argues that the tax should be applied on any gains people make as and when they look to move country.
Currently, if a wealthy individual were to relocate to somewhere like Monaco having amassed profits from shares, corporate bonds or other investments during their time in the UK , they would not pay CGT on any of those gains made while in UK .
An exit tax on capital gains in the mould of that proposed by the Resolution Foundation would apply without a transaction.
Traditional CGT is applied to profits made on an investment when it is sold, making it easy for the exchequer to calculate how much money it is owed.
But an exit tax would be forced to value each emigre’s assets and what proportion of them is owed when they depart.
VR Score
75
Informative language
72
Neutral language
45
Article tone
informal
Language
English
Language complexity
50
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
3
Source diversity
3
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