Financial Times: Capital gains tax payments have risen due to a variety of factors, explains Tim Stovold
Increased capital gains tax payments have been prompted through UK buy-to-let property landlords selling their estates.
Kingston Smith’s head of tax, Tim Stovold, comments how the EU referendum may have effected such an increase due to UK property being cheaper thanks to the weak sterling.
Mirroring the capital gains tax payment increase is the money collected by HMRC from penalties charged to taxpayers.
Tim observes: “While [the amount] is not a big number, it shows the Revenue have become more aggressive on charging penalties.”
Tim’s comments appear in an article in The Financial Times.
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