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UK Capital Gains Tax Revenue Plummets Amid Taxpayer Strategies

7/24/2025

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Summary

Story summary

Capital Gains Tax receipts in the UK have plummeted from £17 billion in 2022/23 to a projected £13.1 billion by 2024/25. Despite attempts to increase rates, taxpayers are adjusting their strategies, leading to a significant drop in revenue. Experts caution that proposed wealth taxes could further stifle investment and exacerbate the decline.

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Story summary

Capital Gains Tax receipts in the UK have plummeted from £17 billion in 2022/23 to a projected £13.1 billion by 2024/25. Despite attempts to increase rates, taxpayers are adjusting their strategies, leading to a significant drop in revenue. Experts caution that proposed wealth taxes could further stifle investment and exacerbate the decline.