Question to the HM Treasury:

To ask Her Majesty's Government further to the letter on behalf of the Chancellor to the Office of Tax Simplification on 30 November, what plans they have, if any (1) to increase capital gains tax rates, (2) to align capital gains tax rates with income tax, or (3) to reduce the annual capital gains tax allowance.

As set out in the Government’s response to the Office of Tax Simplification's report on Capital Gains Tax on 30 November 2021, such reforms would involve a number of wider policy trade-offs and so careful thought must be given to the impact that they would have on taxpayers, as well as any additional administrative burden on HMRC. The Government will continue to keep the tax system under constant review to ensure it is simple and efficient.