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Capital Gains Tax

Question for Treasury

UIN 66852, tabled on 30 June 2020

To ask the Chancellor of the Exchequer, whether he plans to undertake a Capital Gains Tax rebasement for assets acquired after 31 March 1982.

Answered on

7 July 2020

The Government does not have plans to rebase assets for the purposes of calculating CGT. Revaluation would be costly and burdensome for both individuals and the government, as a professional valuation of the assets in question would be necessary.

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