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Can Capital Gains Tax rate increase mid tax year?
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Doing both would seem a relatively attractive option. It would reduce the burden of reporting trivial gains, while reducing, but not eliminating, the tax incentive for risk capital.silvercue said:I really hope CGT does not increase. Or, if it does then the tax free allowance is also increased. That was £12k a couple of years ago, if I recall, and is a measly £3k now. That does not really impact wealthy, but impacts the normal people investing in their future. Something I think all governments should encourage.
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Wondering if we might get more cap gains bands. Say keep existing 10/20% for basic/higher rate, but 30% for whatever the >125k band is called now.0
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