Government collects record capital gains tax as 181,000 more pay up

HMRC boss John-Paul Marks told the Treasury Committee that the revenue body has ‘a very stretching transformation ahead of us’ (Alamy/PA) -

The Government collected a record amount from capital gains tax last year after rates increased under former chancellor Rachel Reeves, helping reel in an extra 180,000 taxpayers.

Capital gains tax receipts totalled £24.2 billion in the 2024-25 tax year – an 89% increase on the year before, data from HM Revenue & Customs (HMRC) shows.