CGT

It's illogical to have differing rates for income and capital gains.  'Clever' people and accountants will spirit their income/gains to the most beneficial rate.  John Redwood's claim that as you reduce rates of CGT the actual revenue increases has to be weighed against the loss of revenue from income tax - it's all smoke and mirrors.

The old system of taxing gains at your prevailing income tax rate, less the permitted allowances, and profit adjusted to negate the effect of inflation, was reasonably sound.

CGT has far too many anomalies.  With many asset classes not being subject to CGT such as clocks, historic cars, principal places of residence, firearms etc.  It's a poor tax that many are able to legitimately avoid, yet catch the unlucky.  That especially applies to forced company takeovers where shareholders have to take the money and suffer CGT, yet if given the choice, would have continued to hold the shares.