BBC News
Chancellor rejects calls to raise Capital Gains Tax in Budget, sources say
Influential Labour figures had been pushing for equalising CGT and income tax, but critics have said this could drive wealthy people out of Britain.
Via BBC News
·Excerpt
Chancellor John Healey has dismissed calls from some Labour MPs to increase Capital Gains Tax (CGT), according to Treasury sources.
Cabinet ministers Wes Streeting and Louise Haigh both previously voiced support for raising CGT before Andy Burnham became prime minister in July.
Ahead of next week's Budget, as first reported by the Times, external, Healey is minded not to increase CGT - which is imposed on the profit people make when they sell an asset that has increased in value…
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