Rishi Sunak is benefiting from a lower effective tax rate due to most of his earnings coming from capital gains rather than employment income, a tax expert has said.
Dan Neidle, a tax lawyer, said it was a “very good question” whether the law should continue to allow capitals gains to be taxed less than employment income.
It comes after Mr Sunak published his long-awaited tax documents on Wednesday, showing that he paid more than £1 million in UK tax over the previous three financial years on earnings totalling £4.7 million.
