Rachel Reeves is considering a major hike to capital gains tax (CGT) as the Chancellor’s plans are in “complete disarray”, according to senior Whitehall officials. She is considering rates as high as 39 per cent in an attempt to find money to fund public services across the country. The Treasury is testing out new rates between 33 per cent and 39 per cent for CGT, which is paid by approximately 350,000 of the tax-paying population. The tax is imposed on the sale of assets, such as second homes, stocks and bonds. The financial think tank the Institute for Fiscal Studies has said that there is a…
