Disposal of Shares - CGT increase scenario

jamgar

Hi,

I'm in the process of deciding whether to dispose shares now or later

If the government were to increase CGT inline with income tax in March/April 2022, being a higher rate tax payer this would have a significant difference from 20% to 45% for me...

If I were to dispose now, and CGT rises in March April ... Would I be liable for CGT at the rate it was when I disposed (20%) or could I be liable for what it goes up to even if I had disposed prior?

Thanks in advance, hope makes sense

Jamie.

[Deleted User]

Date of disposal is what counts - contract date (date upon which sale becomes unconditional from memory). 

I very much doubt that CGT would be charged at 45% rate in any case!