Can Capital Gains Tax rate increase mid tax year?

masonic

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.

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.

arfster

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.