Investment Income: Taxation
The question
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of ensuring equitable taxation of (a) income derived from assets and (b) other passive income.
Answered by Dan Tomlinson
The Government is committed to making sure the wealthiest in our society pay their fair share of tax. That is why the Chancellor announced a series of reforms at Autumn Budget 2024 to help fix the public finances in as fair a way as possible. These and other decisions announced at the Budget will help repair the public finances and fund public services such as the NHS and education.
The Government keeps all taxes under review as part of the tax policy making process. Any tax changes are generally announced at Budget where decisions are taken in the round.
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