Trisha Siddique and Helen Barnett: CGT and divorce explained

With the next Budget Day fast approaching on 3 March, there has been a lot of speculation about a possible rise in rates of capital gains tax (CGT). This speculation has been fuelled by the release by the Office of Tax Simplification of a report on 11 November 2020, in which it was suggested that CGT rates should be more closely aligned with income tax rates. While many commentators believe that a full alignment with income tax rates is unlikely, there is a general consensus that CGT rates may increase. As we are still in the midst of the pandemic, some argue that the March Budget is ...