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

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 as Chancellor Rishi Sunak tries to move Britain's public finances onto a more sustainable footing after the coronavirus pandemic stimulus. "This is likely to just be the start of record years for the amount brought in by CGT and preliminary data from the ONS is already showing this will be the case. At the most recent budget, the Chancellor froze the annual CGT allowance at £12,300 until ...

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