Investors fear CGT hike as Sunak vows to get public finances on track

2020 CGT revenue reached record £9.9bn

Pedro Gonçalves
clock • 2 min read
Rishi Sunak at a Bloomberg conference. | Credit: Treasury
Image:

Rishi Sunak at a Bloomberg conference. | Credit: Treasury

Investors are being told to consider selling assets such as property and investments as tax experts predict capital gains tax (CGT) rates will rise next year.

Revenue from Capital Gains Tax (CGT) reached a record £9.9bn last year, even as the number of taxpayers fell, according to the latest figures from HMRC. Investors fear even higher CGT rates next year...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Tap into our community intelligence through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

Ray Adams, Chartered financial planner and founder of CashCalc

CashCalc launches Cashflow Modeller with added tax functionality

‘Easy for advisers to use, easy for clients to understand’

clock 20 January 2022 • 2 min read
Martin Tilley: " The making of the initial EoW is usually at the point of creating or joining the pension scheme and reviews are often overlooked, despite sometimes quite substantial changes in an individual's circumstances."

Martin Tilley: Where there is a will, there should be an expression of wish

Expression of wish forms explained

Martin Tilley
clock 11 January 2022 • 3 min read
The double benefit of leaving a gift to charity through a will

Neil MacGillivray: The double benefit of charitable gifting through a will

Legacy tax benefits

Neil MacGillivray
clock 11 January 2022 • 3 min read