Peter Rayney (Peter Rayney Tax Consulting) discusses some strategies for CGT tax planning in readiness for the upcoming budget.
The Chancellor’s CGT choices
The first Labour Budget in over 14 years is unlikely to be a pleasant one indeed Sir Kier Starmer has indicated already that it will be ‘painful’! Chancellor Rachel Reeves is looking to reverse a budget deficit of around £20bn–£22bn. If the rumours trailed in the national and professional press are to be believed it seems CGT is one of the prime candidates for raising the much-needed revenue.
Will the rate of CGT increase? Will CGT be aligned with income tax rates? Will beneficial capital gains reliefs be curbed such as the CGT-free elimination of capital gains on death? These are the type of questions that are causing concern to owner managers and high net-worth individuals (HNWIs).
There is precedent for switching CGT rates...
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Peter Rayney (Peter Rayney Tax Consulting) discusses some strategies for CGT tax planning in readiness for the upcoming budget.
The Chancellor’s CGT choices
The first Labour Budget in over 14 years is unlikely to be a pleasant one indeed Sir Kier Starmer has indicated already that it will be ‘painful’! Chancellor Rachel Reeves is looking to reverse a budget deficit of around £20bn–£22bn. If the rumours trailed in the national and professional press are to be believed it seems CGT is one of the prime candidates for raising the much-needed revenue.
Will the rate of CGT increase? Will CGT be aligned with income tax rates? Will beneficial capital gains reliefs be curbed such as the CGT-free elimination of capital gains on death? These are the type of questions that are causing concern to owner managers and high net-worth individuals (HNWIs).
There is precedent for switching CGT rates...
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If you do not subscribe but are a registered user, please enter your details in the following boxes:
