Fairly reform capital gains tax
“Fairly reforming capital gains tax to close loopholes exploited by the super wealthy.”
- Promised
Where it stands
The Liberal Democrats are not in government, so the card stays at Promised. The party's costings describe the design: rates based only on the gain, the tax-free allowance raised from £3,000 to £5,000, a new tax-free allowance for inflation and a relief for small businesses. Since then Autumn Budget 2024 has raised the main rates of capital gains tax to 18% and 24%.
What has happened
- Jun 2024Liberal Democrat manifesto pledges to reform capital gains tax to close loopholes used by the very wealthy, Promised
About the cost
Negative because the pledge raises money. Year shown: 2028-29, the year the party costed. Party figure only: £5,210m in 2028-29 (costings, page 6, line 15). The figure predates Autumn Budget 2024, which raised the main rates and so changed the starting point. No official costing of this design exists. Low–high is an editorial ±10% because the source gives a central figure only.
More detail
Sources (3)
How cards are checked
Status follows the promise standard, the same for every party. A status changes only on evidence. Anyone named on a card can reply, and replies are published next to it. AI Journalist is our automated reviewer: it re-reads every card against its live sources (the quote word for word, dates, evidence, status, cost, neutral wording, legal risk). Human editors review next.
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