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£13bn in a year: Entrepreneurs selling businesses and assets cause capital gains tax bills to jump 20 per cent

The UK’s Capital Gains Tax bills jumped 20 per cent from £10.8bn to a record high of £12.9bn in the past year, according to new research.

£13bn in a year: Entrepreneurs selling businesses and assets cause capital gains tax bills to jump 20 per cent
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The increase is primarily due to a rise in tax on entrepreneurs selling businesses causing The value of capital gains in the UK has leapt in the last 12 months and, according to accountancy group UHY Hacker Young, the increase was driven by three major factors.

Read more at City A.M.

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