Tax  

CGT, pensions and IHT potential areas of focus in Budget

"However, where individuals have planned to make certain gifts, we are discussing with them whether such gifts should be made over the coming months.”

Nesbitt thought the introduction of a wealth tax would be very complex and different to the UK’s current approach to tax.

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He said: “However, it shouldn't be completely ruled out as there are examples of this being introduced in other countries.”

alina.khan@ft.com