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<p>The UK system is designed to ensure among other things that the richest in our
society pay their fair share on their wealth and assets, with the tax system taxing
wealth across many different economic activities, including acquisition, holding,
transfer and disposal of assets and income derived from assets. These tax levers generate
substantial revenue, including Inheritance Tax revenues of £7 billion, Capital Gains
Tax revenues of £18.1 billion and property transaction taxes of £17.3 billion in 2022-2023.</p><p>
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