Financial scrutiny in Parliament
One of Parliament’s most important roles is to control and scrutinise tax and spending. Here we explain how it does this and how it compares internationally.
Documents to download
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Capital gains tax : the 2008 reforms (217 KB , PDF)
In the 2008 Budget the Labour Government introduced a major reform to capital gains tax, introducing a new single rate of tax set at 18%, and withdrawing ‘taper relief’, which had been designed to encourage longer-term investment in business assets. This note examines the background to this reform.
Documents to download
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Capital gains tax : the 2008 reforms (217 KB , PDF)
Related posts
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Tourist taxes in the UK
Tourist taxes, on accommodation such as hotels and bed and breakfasts, have been suggested in many quarters as a new source of funding for local authorities.
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Finances of the Monarchy
A research briefing on the Finances of the Monarchy, including the Sovereign Grant, Duchies of Lancaster and Cornwall and tax arrangements for members of the Royal Family.
