<P> Channon observes that one of the primary drivers to the introduction of CGT in the UK was the rapid growth in property values post World War II . This led to property developers deliberately leaving office blocks empty so that a rental income could not be established and greater capital gains made . The capital gains tax system was therefore introduced by chancellor James Callaghan in 1965 </P>
<P> Channon observes that one of the primary drivers to the introduction of CGT in the UK was the rapid growth in property values post World War II . This led to property developers deliberately leaving office blocks empty so that a rental income could not be established and greater capital gains made . The capital gains tax system was therefore introduced by chancellor James Callaghan in 1965 </P>
when was capital gains tax introduced in the uk
when was capital gains tax introduced in the uk
1965
1965