Bed and ISA transactions jump ahead of tax year end

Last month the platform saw a 122% increase in its applications, compared to the previous year, following a 90% year on year increase in December and a 72% increase in November. The increase in applications come ahead of tax changes announced in Autumn Statement in November last year. From April 2023 the CGT threshold will fall from £12,300 to £6,000. It will then halve the following year. CGT is payable on any profits above a person's annual allowance. However, profits from investments in an ISA are not subject to it. This tax shifts mean taxable gain of £12,000 will attract no ta...