November 21, 2024
Do you expect Rachel Reeves to increase capital gains tax? #UKFinance

Do you expect Rachel Reeves to increase capital gains tax? #UKFinance

CashNews.co

Yahoo Finance UK’s poll of the week lets you vote and indicate your strength of feeling on one of the week’s hot topics. Each week, we’ll publish and analyse the results, giving readers the chance to see how polarising a topic has become and if their view chimes with other Yahoo Finance UK readers.

Chancellor Rachel Reeves has warned Britain to prepare for tough decisions. This has sparked rumours that she may increase capital gains tax (CGT) during what has been described as a “painful” budget on 29 October.

The Guardian reported on Thursday that Reeves could hike the tax as high as 39%. Treasury modelling being reviewed by the chancellor and seen by the publication showed officials were testing a range of 33% to 39% for CGT.

It remains to be seen, however, what Reeves will actually announce on the day.

Do you think she’s likely to hike CGT at all or will she steer clear? Have your say in the poll below.