Treasury could raise £16bn a year if shares and property were taxed like salaries

Exclusive analysis of 540,000 wealthiest individuals in the UK shows effects of low capital gains tax

• Why capital gains tax reform should be top of Rishi Sunak's list

The government could raise an extra 16bn a year if the low tax rates on profits from shares and property were increased and brought back into line with taxes on salaries.

Exclusive analysis of data on the 540,000 wealthiest individuals in the UK - the top 1% - shows how decades of low taxes on capital gains, a type of income mainly available to the wealthiest in society, is creating a new breed of super-gainers".