News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

View

Rishi Sunak beware: Hamfisted changes to capital gains tax will reduce investor returns

Bringing CGT in line with income-tax would vastly reduce the returns for most investors and grossly distort the risk-reward balance of early-stage investment in the UK

Cutting off your nose to spite your face is rarely advised, and when attempting to fix the massive hole punched in the UK’s national budget by Covid-19, the chancellor certainly cannot afford to do so.

But the increase to capital gains tax that he is rumoured to be considering could do just that.

WSJ Logo