The Prime Minister has produced a 'carefully crafted' tax summary from his accountants rather than his actual tax returns, experts say
The Prime Minister has produced a ‘carefully crafted’ tax summary from his accountants rather than his actual tax returns, experts say
However, Dan Neidle, the tax lawyer whose investigation into Mr Zahawi’s tax arrangements led to the sacking of the former chancellor, believes Mr Sunak would have paid £308,167 more had the top rate of capital gains tax not been cut by the Conservative government nine years ago. “So, it’s not about him. It’s about a tax system that treats different types of income differently, for no very good reason, in a way that benefits the wealthy. Nigel Lawson equalised the rates of income and capital gains tax in 1988. Moving away from that was a mistake.”In 2016, the Tory government cut that top rate of CGT back down to 20 per cent, a move Mr Sunak supported.
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