Adam Smith Institute

“warns that raising Capital Gains Tax (CGT) could cost the government as much as £2.48bn in lost revenues.”

“could actually cost the government as much as £2.48bn in lost revenues”

“the move could cost the government up to £2.48bn in lost revenues by discouraging individuals from selling assets such as property and shares.”

“when CGT was cut in Ireland from 40% to 20% in 1997 it actually led to a near-tripling of the tax revenue.”

“an increase of the size anticipated in the Budget could leave a hole in government finances equivalent to having to cut an additional 30,000 public sector jobs.”

“could actually cost the government as much as £2.48bn in lost revenues.”