cgt on Birmingham Dailyhttps://birminghamdaily.co.uk/tags/cgt/Recent content in cgt on Birmingham DailyHugo -- gohugo.ioen-usTue, 12 May 2026 04:46:50 +0000HMRC to Crack Down on Major Tax Loophole Affecting UK Householdshttps://birminghamdaily.co.uk/hmrc-to-crack-down-on-major-tax-loophole-affecting-uk-households/Tue, 12 May 2026 04:46:50 +0000https://birminghamdaily.co.uk/hmrc-to-crack-down-on-major-tax-loophole-affecting-uk-households/HM Revenue & Customs (HMRC) is launching a significant crackdown on a widely used tax loophole among UK households, targeting high-net-worth individuals who benefit from inheritance tax (IHT) and capital gains tax (CGT) advantages. Building on a regime known as Uncertain Tax Treatment (UTT), originally introduced in 2022 for large corporations, HMRC intends to extend this framework to private individuals receiving tax advantages of £5 million or more. Under this expanded regime, individuals must report their use of such tax advantages, allowing HMRC to investigate how they interpreted the applicable tax rules.