Capital gains tax receipts rise as landlords cash in on property

More and more investors are having to pay capital gains tax, but there are some ways to avoid the tax trap

HMRC logo surrounded by coins and notes
(Image credit: Getty Images)

Capital gains tax receipts (CGT) hit a record £16.7 billion in tax year 2021/22 up 15% on the previous record year.

Under the current regime, CGT is payable on the profits made when selling an asset, with the amount received by the Treasury more than doubling in ten years. The number of payers in the latest tax year is also up 20% to 394,000.

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Tom Higgins

Tom is a journalist and writer with an interest in sustainability, economic policy and pensions, looking into how personal finances can be used to make a positive impact. He graduated from Goldsmiths, University of London, with a BA in journalism before moving to a financial content agency. 

His work has appeared in titles Investment Week and Money Marketing, as well as social media copy for Reuters and Bloomberg in addition to corporate content for financial giants including Mercer, State Street Global Advisors and the PLSA. He has also written for the  Financial Times Group.

When not working out of the Future’s Cardiff office, Tom can be found exploring the hills and coasts of South Wales but is sometimes east of the border supporting Bristol Rovers.