Capital gains tax reforms and implications for wealth inequality (1985–2025)

1. Canada raises lifetime capital gains exemption

   May 23, 1985Labels: Lifetime Capital, Canada

   • Focus FS
   • CRA IR

2. U.S. ends major capital gains preference

   Jan 1, 1987Labels: Tax Reform, United States

   • WaPo 1986
   • TaxFound 1986

3. Canada increases taxable share of gains

   Jan 1, 1988Labels: Inclusion Rate, Canada

   • CRA IR
   • Times Colonist

4. UK aligns CGT rates with income tax

   Apr 6, 1988Labels: Capital Gains, United Kingdom

   • HMRC CGT stats
   • FT history

5. Canada raises inclusion rate to three-quarters

   Jan 1, 1990Labels: Inclusion Rate, Canada

   • CRA IR
   • Mondaq CA

6. U.S. cuts long-term capital gains rates

   Aug 5, 1997Labels: Taxpayer Relief, United States

   • Congress 1997
   • Nytaxattorney

7. UK introduces taper relief; indexation ends

   Apr 6, 1998Labels: Taper Relief, United Kingdom

   • HMRC CGT stats
   • Parliament EV

8. Canada cuts inclusion rate back to one-half

   Oct 1, 2000Labels: Inclusion Rate, Canada

   • Mondaq CA
   • CRA IR

9. U.S. further reduces capital gains tax rates

   May 6, 2003Labels: Jobs and, United States

   • Congress 2003
   • OECD 2023

10. UK adopts 18% flat CGT; Entrepreneurs’ Relief

    Apr 6, 2008Labels: Entrepreneurs' Relief, United Kingdom

    • Commons Library
    • Parliament EV

11. U.S. adds 3.8% Net Investment Income Tax

    Jan 1, 2013Labels: Net Investment, United States

    • IRS ACA
    • IMF 2024

12. UK cuts main CGT rates (non-property)

    Apr 6, 2016Labels: CGT Rate, United Kingdom

    • Budget 2016
    • GOV summary

13. U.S. tightens carried-interest holding period

    Jan 1, 2018Labels: Carried Interest, United States

    • NLR overview
    • OECD 2023

14. UK sharply reduces Entrepreneurs’ Relief limit

    Mar 11, 2020Labels: Entrepreneurs' Relief, United Kingdom

    • HMRC BADR
    • HMRC CGT man

15. Canada proposes higher inclusion for large gains

    Jun 25, 2024Labels: Inclusion-Rate Proposal, Canada

    • Finance CAN
    • CRA IR

16. UK raises main CGT rates and tightens reliefs

    Oct 30, 2024Labels: CGT Rate, United Kingdom

    • Budget 2024
    • OOTLAR 2024
    • OECD 2023