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Capital Gains Tax could be set for ‘wide-reaching’ changes which may impact Britons

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The Chancellor had been predicted to hike the rate of CGT to a higher level, but this was not realised at the time.

While many are likely to be relieved that CGT changes were not enacted immediately, it may be the case the tax is back on the table later this month.

The Government’s Tax Day is expected to cover some of the administrative issues which were not raised in the Budget, and CGT may come up again.

Steven Cameron, Pensions Director at Aegon, unpacked whether there could be a possible further consultation on Capital Gains Tax.

READ MORE: HMRC: Britons urged to act fast to reduce tax bill by up to £1,188



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