What are you investing in to minimise your CGT bill? Share your strategy with us at money@telegraph.co.uk*. In another hit to UK investors, the Prime Minister and the Chancellor are understood to be considering a proposal from Dale Vince, a major Labour donor, to bring capital gains tax (CGT) rates in line with income tax
Minister for Finance Simon Harris has said his tax package in the upcoming budget would be worth “hundreds of euros” to workers while warning there was a limit to what the Government could do on income tax. He said the income tax package would absorb roughly €1.2 billion of the overall €1.5 billion earmarked for
The tax office has admitted an error where it used the wrong state pension figures to calculate the tax owed by some pensioners 12:03, 21 Sep 2026Updated 12:04, 21 Sep 2026 HMRC should not calculate your taxable state pension based on a full year at the current value of your state pension(Image: Getty) Millions of
The council noted that two thirds of the 7,000 responses it received to its tax consultation were against the proposals, with responses indicating that 80pc of businesses and tourists were against the levy, as well as half of residents. It added that, after taking legal advice, it was postponing a final decision on the tax
It is the size of Chris Rokos’s tax bill that gives pause. A cool £330 million. Yes, the hedge fund founder is leaving London, to set up in Athens. Yes, he is extremely wealthy, worth an estimated £2.9 billion. But that isn’t what sets his decision apart. Plenty of other entrepreneurs have departed the UK. Likewise,
Tom Bradshaw, the president of the National Farmers’ Union, said he was still fearful that the inheritance tax changes would destroy rural investment and put Britain’s food security at risk after they became law in April. He said: “We’ve been clear that we oppose the changes to inheritance tax on farming, which treat business assets
However, Rachael Griffin, at wealth adviser Quilter, said the policies had “chipped away” at retirees’ incomes, forcing many to “reassess how they structured their finances”. She added: “Many people carefully build portfolios designed to generate a sustainable income alongside their pension. “At a time when retirees are already concerned about maintaining their standard of living
The tax authority’s own guidance states that the taxable amount of state pension is calculated using one week at the previous year’s lower rate and 51 weeks at the current year’s rate to account for a small window between the start of the new tax year and the following Monday, when the new state pension
Scots want rich households to pay more council tax as part of a wholesale reform of the local rates system. A major consultation by the SNP Government found that eight out of 10 respondents are in favour of overhauling the current set-up, which is still largely based on property values from 1991. The most popular
A thinktank linked to Nigel Farage’s Reform UK is preparing an influential policy plan that is reportedly going to call for substantial tax cuts for the rich. The Centre for a Better Britain (CFABB) is due to publish the 200-page document next week, giving insight into the economic and financial policies that are likely to