Downing Street Says » Capital Gains Tax

» Thursday, May 27, 2010

Capital Gains Tax

Asked if the Prime Minister would accept that there was a risk of taking less revenue if Capital Gains Tax (CGT) was set too high, the PMS said that he would not add to the comments that had already been made on CGT. The Prime Minister had set out the position this morning and people should wait until the Budget for further details.

Asked if the Prime Minister regretted raising the issue of CGT, the PMS replied that there was a commitment made as part of the Coalition Agreement. The right place to deal with the issue was in the Budget.

Asked whether the Prime Minister was referring to CGT when he spoke about high marginal tax rates in his interview, the PMS replied that the Prime Minister had made clear that in general he was opposed to high marginal tax rates and would prefer to see lower rather than higher taxes.

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