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Written question asked by Lord Lee of Trafford (Liberal Democrat) on Tuesday, 14 July 2026, in the House of Lords. It was due for an answer on Tuesday, 28 July 2026. It was answered by Lord Pitt-Watson (Labour) on Tuesday, 28 July 2026 on behalf of the Treasury.


Capital Gains Tax

Question

To ask His Majesty's Government, further to the Written Answer by Lord Livermore on 13 July (HL1420), whether they will now answer the question put, namely what estimate they have made of the revenue implications of levying capital gains tax at the same rate as income tax.

Answer

The Government does not comment on tax speculation outside of fiscal events. The Government keeps the tax system under review, and decisions on tax policy are taken by the Chancellor at a fiscal event.


Secondary information

Type
Written question
Reference
HL2083
Session
2026-27
Related items
Capital Gain Tax
Monday, 13 July 2026
Written questions
House of Lords
Subjects
Capital gains tax Income tax Tax rates and bands Tax yields
Contains statistics
Yes
Link
View this Written question on www.parliament.uk