The UK Office for Tax Simplification has issued the first report for its Capital Gains Tax review.
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This new report, written in response to the Chancellor's request in July 2020, is the first that the Office of Tax Simplification (OTS) has devoted to Capital Gains Tax.
The Chancellor asked the OTS, in particular, to 'identify opportunities relating to administrative and technical issues as well as areas where the present rules can distort behaviour or do not meet their poli…