![A scrap of paper with the words 'TAX CUTS' printed in black text, this paper has been cut in half. A scrap of paper with the words 'TAX CUTS' printed in black text, this paper has been cut in half.](/sites/default/files/styles/responsive_4_3_600w/public/2024-07/litrg_concerned_about_lack_of_awareness_of_capital_gains_tax_allowance_cut.png?h=e2bcc475&itok=AdkgJjIi)
LITRG concerned about lack of awareness of capital gains tax allowance cut
The Low Incomes Tax Reform Group (LITRG) is concerned that today’s drastic reduction in the annual amount of capital gains which would be free from capital gains tax (CGT) may go unnoticed by some unrepresented taxpayers, which could lead to higher rates of non-compliance.1 With HMRC figu...