Taxation: Capital Gains Tax Debate

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Department: Cabinet Office

Lord Foulkes of Cumnock

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Taxation: Capital Gains Tax

Lord Foulkes of Cumnock Excerpts

Universal Credit
Tuesday 7th July 2015

(9 years, 4 months ago)

Lords Chamber
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Lord Bridges of Headley Portrait Lord Bridges of Headley
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I draw a number of conclusions, my Lords. Overall, the Government believe that the current top rate of CGT at 28% is a good balance between raising revenue, reducing the incentives to substitute income for capital gains and retaining incentives to save and invest.

Lord Foulkes of Cumnock Portrait Lord Foulkes of Cumnock (Lab)
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My Lords, further to the question of the noble Lord, Lord Forsyth, what are the Government doing to make sure that people liable for capital gains tax are paying it?

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