Question: When was capital gains tax introduced in the country where the team that uses 25 North Colonnade is based?

full_context: Document 1: One Raffles Quay: Designed by Kohn Pedersen Fox, One Raffles Quay (ORQ) consists of the 50-storey North Tower and the 29-storey South Tower, totalling about 1.3 million square feet of office space. The building was purpose-built for banking and financial corporations in August 2006.
Document 2: 25 North Colonnade: 25 North Colonnade is a commercial building in Canary Wharf, London formerly occupied by the Financial Conduct Authority, after having been solely occupied by its predecessor, the Financial Services Authority (FSA) until early 2013. It is tall, with 15 floors. Built in 1991, its developer was the Canary Wharf Group, and its architect was Troughton McAslan.
Document 3: Martin Wheatley: Martin Wheatley is a British financier, formerly managing director of the Consumer and Markets Business Unit of the Financial Services Authority in the UK, and is the former CEO of the Financial Conduct Authority.
Document 4: Capital gains tax in Australia: A capital gains tax (CGT) was introduced in Australia on 20 September 1985, one of a number of tax reforms by the Hawke / Keating government. The CGT applied only to assets acquired on or after that date, with gains (or losses) on assets owned on that date, called pre-CGT assets, not being subject to a CGT. In calculating the capital gain, the cost of assets held for 1 year or more was indexed by the consumer price index (CPI). This meant the part of a gain due to inflation was not taxed. Indexation was not used if an asset was held for less than 12 months or a sale results in a capital loss. Also, an averaging process was used to calculate the CGT. 20% of a taxpayer's net capital gain was included in income to calculate the taxpayer's average tax rate, and the rate was then applied to all the taxpayer's gross income (i.e., including the capital gain in full). So if a large capital gain were to push a taxpayer into a higher tax bracket in the tax year of sale, the brackets was stretched out, allowing the taxpayer to be taxed at their average tax rate.
Document 5: United Kingdom corporation tax: Originally introduced as a classical tax system, in which companies were subject to tax on their profits and companies' shareholders were also liable to income tax on the dividends that they received, the first major amendment to corporation tax saw it move to a dividend imputation system in 1973, under which an individual receiving a dividend became entitled to an income tax credit representing the corporation tax already paid by the company paying the dividend. The classical system was reintroduced in 1999, with the abolition of advance corporation tax and of repayable dividend tax credits. Another change saw the single main rate of tax split into three. Tax competition between jurisdictions reduced the main corporate tax rate from 28% in 2008 - 2010 to a flat rate of 20% as of April 2015.
Document 6: Economy of the United Kingdom: Government involvement in the British economy is primarily exercised by Her Majesty's Treasury, headed by the Chancellor of the Exchequer, and the Department for Business, Energy and Industrial Strategy. Since 1979 management of the economy has followed a broadly laissez - faire approach. The Bank of England is the UK's central bank and its Monetary Policy Committee is responsible for setting interest rates, quantitative easing, and forward guidance.
Document 7: Riverside South (Canary Wharf): Riverside South is a proposed skyscraper development in Canary Wharf, London. Some below ground-level work was completed by 2014 on behalf of investment bank J.P. Morgan & Co., which bought a 999-year lease on the site with the intention of making the building its London office, but the firm has now moved into an existing Canary Wharf building. Future plans for Riverside South have not been publicised.
Document 8: London: In the dense areas, most of the concentration is via medium- and high-rise buildings. London's skyscrapers such as 30 St Mary Axe, Tower 42, the Broadgate Tower and One Canada Square are mostly in the two financial districts, the City of London and Canary Wharf. High-rise development is restricted at certain sites if it would obstruct protected views of St Paul's Cathedral and other historic buildings. Nevertheless, there are a number of very tall skyscrapers in central London (see Tall buildings in London), including the 95-storey Shard London Bridge, the tallest building in the European Union.
Document 9: Martin Beaumont: Martin Dudley Beaumont CVO (born 6 August 1949) is a British businessman who was, until October 2007, the chief executive of the Co-operative group, today a £9.4 billion turnover enterprise employing in excess of 85,000 people across a diverse portfolio of businesses.
Document 10: Capital gains tax in the United States: In the United States of America, individuals and corporations pay U.S. federal income tax on the net total of all their capital gains. The tax rate depends on both the investor's tax bracket and the amount of time the investment was held. Short - term capital gains are taxed at the investor's ordinary income tax rate and are defined as investments held for a year or less before being sold. Long - term capital gains, on dispositions of assets held for more than one year, are taxed at a lower rate.
Document 11: William Miller (cashier): William Miller was the Chief Cashier of the Bank of England from 1864 to 1866. Miller was replaced as Chief Cashier by George Forbes.
Document 12: Consumer Financial Protection Bureau: Consumer Financial Protection Bureau Agency overview Formed July 21, 2011; 6 years ago (2011 - 07 - 21) Jurisdiction United States Headquarters Washington, D.C. Employees 1,623 (2016) Annual budget US $605.9 million (FY 2016) Agency executives Richard Cordray, Director David Silberman, Deputy Director Key document Dodd -- Frank Wall Street Reform and Consumer Protection Act Website www.consumerfinance.gov
Document 13: Citigroup Centre, London: 25 Canada Square, or Citigroup Centre 2, stands at and, alongside HSBC Tower (with which it was built in tandem), is the joint 4th-tallest building in the United Kingdom (behind The Shard, One Canada Square and Heron Tower). Designed by César Pelli & Associates, construction of the 45-storey tower - undertaken by Canary Wharf Contractors - began in 1998 and was completed in 2001, with Citigroup leasing the building from the outset. The building was bought by RBS in 2004 along with 5 Canada Square (leased to Bank of America) for $1.12 billion. Subsequently, on 2 July 2007, CGC2 was individually sold to a joint venture between Quinlan Private and PropInvest for £1 billion (US$2 billion). Citigroup pay £46.5 million a year in rent for the tower, generating a yield of 4.6% to the owners. The east facing side of 25 Canada Square up to level 40 is configured for use by tenants.
Document 14: Capital gains tax: Currently, only 50% of realized capital gains are taxable in Canada at an individual's tax rate. Some exceptions apply, such as selling one's primary residence which may be exempt from taxation. Capital gains made by investments in a Tax - Free Savings Account (TFSA) are not taxed.
Document 15: Capital gains tax: 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
ground_truth: 1965
sub_queries: What team uses 25 North Colonnade? Answer: Financial Conduct Authority
Financial Conduct Authority >> country Answer: UK
when was capital gains tax introduced in the UK Answer: 1965