Julia Cox comments in Morningstar on potential CGT changes in the UK Autumn Budget
min readAs speculation increases ahead of the UK's Autumn Budget, what could changes to capital gains tax mean for investors?
A mooted change to align CGT with income tax rates could significantly increase the tax payable on disposals. However, there is no consensus about how much additional revenue higher rates would generate, particularly if investors were to choose to defer sales or change their investment behaviour in response.
Investors may wish to review the tax-efficient options already available to them, such as ISAs and pensions. It is also important to consider the interaction between different taxes and previously announced changes affecting pensions, which will come under the inheritance tax regime from 2027.
Julia Cox, Partner in our UK Private Client team, comments in Morningstar:
Maximizing these investment routes is one way to keep CGT minimal.
Read the full article in Morningstar here.
