Capital Gains Tax (CGT) set to rise - Budget set for 22 June
The new Conservative Liberal government have announced in their coalition document that CGT is very likely to rise in the first budget of the new government. The current historic low rate is 18%.
" The new government has already said it will seek to raise capital gains tax on non-business investments to 40%..."
What seems less widely known is that there are strategies that can be put in place now to effectively “bank” the benefit of the lower tax rate under the current more generous regime.
If you have investments with inherent capital gains then please do get in touch if you want any help to implement this planning.