Let’s start with the uncontested facts. The headline rate for capital gains tax (CGT) for individuals in both Latvia and Lithuania is 20 per cent. In the Slovak Republic, it is 19 per cent. In Spain, the rate for residents if 26 per cent and 19 per cent for non-residents. In it Germany, it is 25 per cent, plus a so-called “solidarity charge”, while it is 27.5 per cent in Austria. France, meanwhile, has a rate of 30 per cent, plus an “exceptional income tax” for high earners at 4 per cent. The UK rate is between 28 and 18…

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