Capital Gains Tax Targets
This is a Lainston news story, published by Telegraph, that relates primarily to Ms Reeves’s news.
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•The proof Reeves will be unable to squeeze the rich
62% Informative
Capital gains tax ( CGT ) is one of Ms Reeves’s top targets in her maiden Budget on Oct 30 .
The tax is levied on the profit of an asset when it is sold, but generates 15bn in revenues mainly from people at the top of the income distribution.
Lord Johnson of Lainston , former investment minister, says Labour is in danger of turning off the very voters it was able to woo in the last election.
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