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Increase capital gains tax/50p rate & increase the personal tax free allowance to £17,500

Submitted on Tuesday 16th August 2011

Published on Monday 22nd August 2011

Current status: Closed

Closed: Wednesday 22nd August 2012

Signatures: 3

Tagged with

Tax ~ UK

Petition Action

Increase capital gains tax/50p rate & increase the personal tax free allowance to £17,500

Additional Information

I propose a two step tax receipt neutral plan to not only encourage those on benefits to get into work, but ease the financial burden on the currently pressed working & middle classes.

By increasing the tax free allowance to £17,500 it would ease the hardship of the workers of the UK.

The increase in capital gains tax & the higher rate would be put to such a level to allow this reduction in the tax free allowance.


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