Capital gains tax warning: Rishi Sunak preparing to ‘hammer’ savers with hike

Rishi Sunak 'knows his days are numbered' says expert

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One tax that could be in for big reform is capital gains tax, which is paid on your total gains each tax year. There are two rates – basic ratepayers pay 10 percent on assets and 18 percent on property. Higher ratepayers pay 20 percent on assets and 28 percent on property. But reports suggest this could be aligned with income tax, meaning the highest rate savers pay could rise to 45 percent.

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