Capital gains tax hike 'when, not if' in Autumn Budget

Chancellor considering a hike to rates between 33-39%

Sahar Nazir
clock • 1 min read

An increase in capital gains tax (CGT) in the upcoming Autumn Budget now seems more a matter of "when" and "by how much" than “if”, according to Quilter tax and financial planning expert Rachael Griffin.

Speculation is intensifying around an imminent rise in CGT as Labour prepares to unveil its first budget later this month. This is following reports suggesting that chancellor Rachel Reeves is considering a hike to rates between 33-39%. Earlier on Thursday, The Guardian reported Reeves had examined increases in CGT to as high as 39%. "A full-scale reform of CGT has perhaps been deemed too lengthy a process for the chancellor to take on, so hiking rates may be viewed as a stop gap in the hopes of boosting coffers in the nearer term," Griffin said. "However, the real question will be...

To continue reading this article...

Join Professional Adviser for free

  • 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
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Majority of UK wealth management sector eyes acquisitions this year

Majority of UK wealth management sector eyes acquisitions this year

Continued appetite and momentum in M&A space

Isabel Baxter
clock 30 June 2025 • 3 min read
How can firms improve client engagement with wealth products?

How can firms improve client engagement with wealth products?

Consumer first focus; Simplifying prodcut information

James Wood
clock 30 June 2025 • 4 min read
Verso rejects platform incentives model, says adoption must be earned

Verso rejects platform incentives model, says adoption must be earned

Nucleus-built platform rolled out across advice group with no mandated use as consolidator targets £5bn AUM

Sahar Nazir
clock 27 June 2025 • 2 min read