The government received \u00a316.985bn in Capital Gains Taxes in January 2026, a 69% increase from the take of \u00a310.033bn in January last year.<\/p>\n
Jason Hollands, managing director at wealth management firm Evelyn Partners, said: \u201cJanuary\u2019s figure includes the payment of self-assessment bills for the 2024\/25 tax year so it could reflect investors \u2013 from April 2024 \u2013 disposing of assets ahead of an expected rise in CGT rates that duly arrived at the October 2024 Budget.<\/p>\n
\u201cDon\u2019t forget that many thought CGT rates were going up more than they did, with some Labour MPs arguing for an equalisation with income tax rates, so a summer of \u201924 firesale of assets could be behind this spike.<\/p>\n
\u2018As the annual exemption had been slashed by the previous government to a meagre \u00a33,000 by April 2024 there was \u2013 and remains \u2013 little protection against CGT for investors selling assets, which will have turbo-charged the revenues from any pre-Budget disposals.<\/p>\n
\u201cWe will only know next year if this was a one-off boost from pre-October 2024 disposals, or whether investors continued afterwards to sell assets at the higher CGT rates, which took effect immediately.\u201d<\/p>\n<\/p>\n
Inheritance Tax receipts for April 2025 to February 2026 were \u00a37.7bn, which is \u00a30.1bn higher than the same period last year,<\/p>\n
Ian Dyall, head of estate planning at wealth management firm Evelyn Partners, said: \u201cThe expansion of IHT is not a result of sudden shifts in wealth, but rather years of fiscal drag.<\/p>\n
\u201cNil rate bands have been frozen for many years while asset values, particularly property, have continued to inflate.<\/p>\n
\u201cRising asset prices benefit the holders of investments and properties but the danger is that these households are sitting on an unexpectedly large, and rising, tax bill for their beneficiaries at death.<\/p>\n
\u201cFrom a planning perspective, more estates that would once have been considered comfortably below the IHT threshold are now creeping into taxable territory.\u2019<\/p>\n","protected":false},"excerpt":{"rendered":"
The government received \u00a316.985bn in Capital Gains Taxes in January 2026, a 69% increase from the take of \u00a310.033bn in January last year. Jason Hollands, managing director at wealth management firm Evelyn Partners, said: \u201cJanuary\u2019s figure includes the payment of self-assessment bills for the 2024\/25 tax year so it could reflect investors \u2013 from April […]<\/p>\n","protected":false},"author":1,"featured_media":9447,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-9568","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-second-home"],"yoast_head":"\n