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0 sats \ 0 replies \ @Wumbo 6 Nov \ on: Rachel Reeves considers 20% tax on assets of people deciding to leave UK Politics_And_Law
While expat status does not provide an exemption from 20% capital gains tax on the sale of UK property and land valued at £6,000 or more, it does on the sale of some other assets, such as shares in many companies.
Under the new plans, the 20% charge would be levied on the value of these assets when exiting the country.
Rachel Reeves is the Chancellor of the Exchequer. https://en.wikipedia.org/wiki/Rachel_Reeves
I didn't recognize the name and was wondering who she was.
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