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A tax lawyer, Dan Neidle, has been quizzed on Sky News about the Prime Minister benefiting from capital gains being taxed at a lower rate than income in the UK.
Asked on why Rishi Sunak’s tax return suggested he paid an effective tax rate of 22% across three years, Neidle told Sky News: “It is not because he has done anything clever or because he is avoiding tax.
It is because in this country we tax employment income at up to 47% but capital gains on investments at only 20%.
That is why his effective rate is so low.
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