The independent commentary on British political affairs.
The independent commentary on British political affairs.
May 2008
Vol. 11, No. 11
A People's War: Brenda Boardman | The shadow over Brown's plan's to change the way we are governed: … More…
Available for subscribers to download now, in the Print Magazine section.
How should personal capital gains be taxed, compared with income? Until 1965 they were generally not taxed at all. In the 1970s, when investment income could be taxed at up to 98 per cent, there was a flat rate 30 per cent capital gains tax (CGT). In the course of the 1980s, indexation allowance was introduced to exclude from tax the element of gains attributable to inflation, and pre-March 1982 growth in value was exempted — but CGT rates were aligned with income t…
Subscribe now and get immediate access to the rest of this article and all the other premium content on thepolitician.org. To begin, please fill in the simple form below:
N.B. If you were a subscriber before December 2006, you should be able to login with your username and password from the old website. If you have any problems with this, please contact us.
The last of the Empire that sometimes sees red when they talk to LondonArticles above share some of the the following topic(s) with this article: , , , CGT, Capital Gains Tax, Taxation.