Market leading insight for tax experts
View online issue

Simplifying CGT by design: the OTS pushes for neutrality

Chris Sanger (EY) considers the Office of Tax Simplification’s first report that looks at the policy design and principles underpinning capital gains tax.

On November 11 the Office of Tax Simplification (OTS) which usually focused on advising the government on ‘simplifying the UK tax system to make things easier for taxpayers’ stepped out onto the policy stage with the publication of its first of two reports into CGT. In contrast to other OTS reports this first report looks at the policy design and principles underpinning the tax rather than the more usual study into technical and administrative issues. Those will follow in a second report leaving this one free to range for more than 100 pages over the whole policy landscape of capital gains tax which turned 55 years old in April.

To be fair this was in response...

If you or your firm subscribes to Taxjournal.com, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
EDITOR'S PICKstar
Top