Editor's note: This brief was summarised by The Property AI Newsroom from a report by Landlord Today. Read the original article for full details.

Calls for Capital Gains Tax Rise to Match Income Tax Levels

Lord Neil Kinnock has called for Capital Gains Tax to be increased to the same level as Income Tax, according to Landlord Today. The report states that Kinnock made this call during an appearance on Sky News.

The article notes that Prime Minister Andy Burnham has described Kinnock as a “legend” and praised his rhetoric. The potential for changes to Capital Gains Tax may be of interest to UK letting agents and inventory clerks, as it could impact property transactions and landlord finances.