Quilter says aligning UK capital gains tax with income tax risks weaker receipts as investors delay disposals

By Public Technologies
  • Quilter said the UK chancellor is expected to resist aligning capital gains tax rates with income tax at the Budget.
  • Warned higher CGT could curb disposals as investors hold assets longer, weakening receipts despite higher headline rates.
  • Flagged a risk of “hold until death” behavior, using the CGT uplift on death to avoid crystallizing gains.
  • Noted pre-Budget speculation can pull forward sales, lifting short-term receipts before activity cools.
  • Argued clear signaling ahead of the Budget reduces distortions, supporting sustainable revenues without deterring investment.


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