<P> There is no separate capital gains tax in Thailand . If capital gains arise outside of Thailand it is not taxable . All earned income in Thailand from capital gains is taxed the same as regular income . However, if individual earns capital gain from security in the Stock Exchange of Thailand, it is exempted from personal income tax . </P> <P> Capital gains tax rate on share certificates for residents is 0% as of 2013 for two years of holding period . </P> <P> Channon observes that one of the primary drivers to the introduction of CGT in the UK was the rapid growth in property values post World War II . This led to property developers deliberately leaving office blocks empty so that a rental income could not be established and greater capital gains made . The capital gains tax system was therefore introduced by chancellor James Callaghan in 1965 </P> <P> Individuals who are residents or ordinarily residents in the United Kingdom (and trustees of various trusts) are subject to an 18% capital gains tax . </P>

When was capital gains tax introduced in the uk