6:38 The Monarch is not legally liable to pay income tax, capital gains tax or inheritance tax because the relevant enactments do not apply to the Crown.
I really cannot believe that Rachel Thieves would be dumb enough to align CGT with the current levels of Income Tax. It would be counterproductive as people would make gains and simply not declare them if they think that they can get away with it (remember that CGT is a tax that taxpayers are responsible for declaring unlike, say, PAYE Income Tax) and it is a tax that is very easily avoided simply by holdingbassets and not selling them, creating possible economic problems going forward where capital is not bejng invested in the most efficiient way possible. Whilst I do foresee CGT rates rising, alognment with Income Tax would cost more than it raises in all likelihood,
