questionText: To ask the Chancellor of the Exchequer, whether she has made an assessment of the potential merits of introducing an inflation adjustment mechanism for capital gains tax calculations.
answerText: An indexation allowance previously existed when Capital Gains Tax (CGT) was charged at income tax rates, with a top rate of 40 per cent. The current rates of 18 and 24 per cent are significantly below the higher rates of income tax, simplifying the calcul...
heading: Capital Gains Tax