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Capital gains tax: how it works, and the pros and cons of a possible hike
As chancellor John Healey prepares a tough budget, capital gains tax has been cited as one option for raising revenue.
· 1 min read

As chancellor John Healey prepares a tough budget, capital gains tax has been cited as one option for raising revenue.

Raising capital gains tax is one of the options being considered by the chancellor as he prepares next month's budget.

Researchers say public debate since the May budget has overstated how much the government's tax changes will cost landlords and property investors.

A proposal to adjust capital gains taxes for inflation could create significant administrative burdens for individual investors, according to a CNBC report.

Analysis published by the Labour Party claims a Reform UK proposal to cut capital gains tax on cryptocurrency would benefit a small number of wealthy investors over five years.