Rishi Sunak's capital gains tax review may usher in higher taxes on wealthy

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Chancellor’s directive to focus on how people escape CGT ‘feels like starting pistol for a tax grab’, says analyst

A review of capital gains tax ordered by the chancellor could open the door to higher taxes for the wealthy, analysts have said.

Rishi Sunak said on Tuesday that he wanted the Office for Tax Simplification (OTS) to examine the way people who sell second homes, works of art and stocks and shares can escape paying tax on their gains.

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