Falling Markets Will Crush Government Budgets

A trader works on the floor of the New York Stock Exchange, Aug. 21, 2015. Photo: Brendan McDermid / REUTERS Investors are painfully aware of the plunge in stock and bond markets so far in 2022. Are federal and state officials aware of the damage plunging markets will soon do to public budgets and finances? … Read more

Treasury rakes in record amount of tax after Rishi Sunak’s stealth raids

NI receipts totaled £ 157bn, up almost 10pc on the prior year even before higher rates came from April. Capital gains duties paid on investment profits rose a third to almost £ 15bn, while the Treasury’s take of divisive 40pc death duties reached a record £ 6bn, driven up by higher house prices. VAT was … Read more

Who will pay capital gains tax if my wife transfers shares to me through off-market transaction?

In every ET Wealth edition, our panel of experts answers questions related to any aspect of personal finance. If you have a query, mail it to us right away at etwealth@timesgroup.com. My wife intends to transfer shares from her demat account to mine through off-market mode at the price she had purchased them from the … Read more