Capital gains tax receipts fall after big cuts in allowances
Revenue falls 18 per cent in 2023-24 to £12.1bn as the UK’s efforts to increase revenues from the levy backfire
Related reading
The UK should press ahead with the inevitable on tax
Delays in dealing with fiscal pressures risk further damage to household consumption, corporate investment and overall growth
Reeves explores reform to capital gains tax on expensive houses
UK Treasury considers overhaul of property levies as ministers confront a hole in the public finances of at least £20bn
Treasury prepares tax reforms in push to boost UK productivity
Fears of £10bn downgrade from OBR prompt hunt for measures to improve growth
The great tax panic
How wealthy taxpayers are trying to shield their assets from an increasingly cash-strapped UK Treasury
The UK’s fiscal problems aren’t just about growth
Reassessing taxes and spending every six months introduces excessive policy uncertainty
UK borrowing costs jump as investors lose faith in Reeves’ Budget
Gilts sell off after government ditches plan to increase income tax rates