Discuss - Economy Capital Gains Tax - Increase capital gains tax

Do you think that government should increase capital gains tax?

Conservative It is highly doubtful that the Conservative party would increase capital gains tax. Revenues from capital gains tax brought in just £7.85bn, failing to raise the revenue that Chancellor George Osborne expected. Source: Telegraph

Green Party Capital Gains Tax exemptions/thresholds will also be removed with the exception of a person's only or main home which will continue to be exempt. Source: Green Party Policy.

Labour In order to incentivise long-term investment the Labour Party are considering a series of reforms, one of which includes a lower rate of capital gains tax. Source: http://press.labour.org.uk/post/90291230234/a-competitive-tax-system-that-supports-long-term

Liberal Democrat Liberal Democrats propose an increase in capital gains tax, which would be paid on profits from shares or second homes, from 28% to 35%. Liberal Democrat leader said on the 5th February that increasing capital gains tax was "absolutely" part of the plan to raise money. Source: BBC Politics http://www.bbc.co.uk/news/uk-politics-29642613

Plaid Cymru Plaid Cymru are pushing for taxes on property and land - which includes capital gains tax - to be be transferred to Wales. However it is unclear whether the party would increase or decrease the amount of CGT. Source: http://partyof.wales/uploads/policies/Bring_our_Government_Home.pdf

Respect Party Respect Party have not made any announcements regarding capital gains tax, so it is unclear whether they would raise or reduce CGT.

SNP There is speculation that UK tax payers may need to pay either a higher income or capital gains tax, especially if Scotland continues to look towards independence. Source: http://www.telegraph.co.uk/finance/personalfinance/10664563/The-true-costs-of-Scottish-independence-How-it-will-affect-your-money.html

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