{"id":72078,"date":"2023-09-26T08:06:32","date_gmt":"2023-09-26T07:06:32","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=72078"},"modified":"2023-09-26T08:06:32","modified_gmt":"2023-09-26T07:06:32","slug":"reducing-the-annual-exempt-amount-of-capital-gains-a-person-might-enjoy-a-year-to-1000-might-raise-at-least-0-4-billion-of-additional-tax","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2023\/09\/26\/reducing-the-annual-exempt-amount-of-capital-gains-a-person-might-enjoy-a-year-to-1000-might-raise-at-least-0-4-billion-of-additional-tax\/","title":{"rendered":"Reducing the annual exempt amount of capital gains a person might enjoy a year to \u00a31,000 might raise at least \u00a30.4 billion of additional tax"},"content":{"rendered":"

I have this morning published the next in my series<\/a> of proposals that will together make up the Taxing Wealth Report 2024<\/a>.<\/p>\n

In this note, I suggest that the annual exempt amount not subject to capital gains tax that a person might enjoy in a year should be reduced to \u00a31,000. The logic is strongly influenced by the exemption for that sum (and no more) for income tax purposes with regard to trading and rental income.<\/p>\n

\"\"<\/p>\n

The summary of this report<\/a> says:<\/p>\n

Brief Summary<\/strong><\/span><\/p>\n

This note suggests that:<\/p>\n