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Murray Beith Murray is a leading Scottish private client law firm.

For over 170 years we have specialised in meeting the legal, financial and administrative needs of individuals and families, family trusts, charities and private companies.

Call us today on 0131 225 1200
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1 minute reading time (192 words)

Are CGT rates about to change?

In an open letter dated 13 July 2020 the Chancellor, Rishi Sunak, has asked the Office of Tax Simplification to investigate how capital gains are taxed for both individuals and smaller businesses.carolinepringle

Whilst the Treasury have advised that it is standard practice to keep taxes under review, this has led many experts to speculate whether changes to capital gains tax may be addressed in the autumn budget, with many wondering whether they will seek to align capital gains tax rates with income tax rates and review current exemptions, reliefs and allowances.

The Treasury have called for evidence to be submitted to the review by 12 October.

Private Client Solicitors, Edinburgh

If this article has raised any questions, or you would like to discuss any other estate planning matter, please complete our contact form or call us on 0131 225 1200 to speak to one of our specialist solicitors today.

Murray Beith Murray was established in 1849, as advisors for generations of clients, committed to our values of integrity, expertise and trust. This aim and these values continue to this day, as does our pledge to deliver a high-quality service during these unfamiliar times.

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