‘A missed opportunity’: private client law firms comment on Sunak’s Spring Statement
23 / 03 / 2022
“Against the backdrop of spending increases to support Ukraine, a package of measures to help ease the Cost of Living crisis (including the £3000 increase to the national insurance threshold), it is perhaps a surprise that the Chancellor has not targeted the capital tax regimes to help pay for this spending.
An increase in the (relatively benign) rates of capital gains tax has been on the cards for some time now, especially after the Office of Tax Simplification (“OTS”) recommendations in November 2020.”
Partner Jenny Cutts shares her thoughts on the government’s Spring Statement 2022, published in IFA Magazine.
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