UK small businesses hit by hiring woes despite record wage rise
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READ MORECapital gains tax receipts increase £5bn in two years: Is its future aligned with income tax?
The amount of Capital Gains Tax collected by the government has shot up by more than £5bn in the past two years, according to official figures from HMRC.
Rising from £9.8bn in 2019/20 to £14.9bn in 2021/22, the huge increase comes after changes to the tax and rising house prices.
The increase in Capital Gains Tax receipts is being driven by a combination of factors, explained Sean McCann, Chartered Financial Planner at NFU Mutual.
Read more at City A.M.
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