Petition · past parliament
Have a progressive capital gains tax in the U.K for high net worth individuals.
Closed
32 signatures
What the petition asks
Only wealthy people make large gains on their assets; yet they pay the same as working people earning £11,000 to £43,000 per year; this is obviously unfair and perpetuates inequality. Let's create a fairer society where our taxes don't benefit the wealthy and everyone really pays their fair share.
The FTSE 100 average yearly gain is 5.4% (Motley Fool UK). Yet average yearly earning income increases between 2001 and 2016 is just 2.3% (ONS). Clearly a CGT rate of 20% benefits the wealthy.
CGT shouldn't change for companies, only for high net worth individuals. Capital investment is essential to our economy; and individuals won't be put off investing if they have to pay 40% on their profits like everyone else. Changing CGT would improve inequality and provide revenue for the government.
CGT shouldn't change for companies, only for high net worth individuals. Capital investment is essential to our economy; and individuals won't be put off investing if they have to pay 40% on their profits like everyone else. Changing CGT would improve inequality and provide revenue for the government.
Timeline
| 8 Nov 2016 | Petition opened for signatures |
| 2 May 2017 | Closed to new signatures |
Key facts
Signatures
32
Status
Closed
Opened
8 Nov 2016
Closed
2 May 2017
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Source: the official petition page. Last checked 15 Jul 2026.