When will any changes in Capital Gains Tax take effect?

aroominyork

noitsnotme

Sorry, crystal ball is broken.  Just wait until next week.

hallmark

On 6 April 2025

I don't understand the "stop discussing things, just wait until the budget" mantra.

If you don't want to discuss things that's cool, then don't.

Some people enjoy it, and it can be useful as people often suggest new angles or things you weren't aware of.  Or just to see what other people are thinking.

If, for example, everytime somebody wanted to discuss who might win an upcoming sporting event they were shut down with "just wait until it's over then you'll know who won", it'd be a pretty dull world.

My view on CGT: I think there's a fairly compelling case for raising it w/eff 6th April as that would generate an instant stream of gains from all those people rushing to cash in now.   Raising it with immediate effect is more likely to stop people selling and might actually reduce revenue.

noitsnotme

hallmark said:

I don't understand the "stop discussing things, just wait until the budget" mantra.

If you don't want to discuss things that's cool, then don't.

Some people enjoy it, and it can be useful as people often suggest new angles or things you weren't aware of.  Or just to see what other people are thinking.

If, for example, everytime somebody wanted to discuss who might win an upcoming sporting event they were shut down with "just wait until it's over then you'll know who won", it'd be a pretty dull world.

My view on CGT: I think there's a fairly compelling case for raising it w/eff 6th April as that would generate an instant stream of gains from all those people rushing to cash in now.   Raising it with immediate effect is more likely to stop people selling and might actually reduce revenue.

 It’s an open forum, all opinions and views will be stated.  If you don’t like the “wait until the budget” mantra, that’s cool, just ignore it 🤷‍♂️

wmb194

Other

As per the mid-year change in 2010, the next day.

hallmark

On 6 April 2025

noitsnotme said:

hallmark said:

I don't understand the "stop discussing things, just wait until the budget" mantra.

If you don't want to discuss things that's cool, then don't.

Some people enjoy it, and it can be useful as people often suggest new angles or things you weren't aware of.  Or just to see what other people are thinking.

If, for example, everytime somebody wanted to discuss who might win an upcoming sporting event they were shut down with "just wait until it's over then you'll know who won", it'd be a pretty dull world.

My view on CGT: I think there's a fairly compelling case for raising it w/eff 6th April as that would generate an instant stream of gains from all those people rushing to cash in now.   Raising it with immediate effect is more likely to stop people selling and might actually reduce revenue.

 It’s an open forum, all opinions and views will be stated.  If you don’t like the “stop discussing things” mantra, that’s cool, just ignore it 🤷‍♂️

I see what you did there.......

noitsnotme

hallmark said:

noitsnotme said:

hallmark said:

I don't understand the "stop discussing things, just wait until the budget" mantra.

If you don't want to discuss things that's cool, then don't.

Some people enjoy it, and it can be useful as people often suggest new angles or things you weren't aware of.  Or just to see what other people are thinking.

If, for example, everytime somebody wanted to discuss who might win an upcoming sporting event they were shut down with "just wait until it's over then you'll know who won", it'd be a pretty dull world.

My view on CGT: I think there's a fairly compelling case for raising it w/eff 6th April as that would generate an instant stream of gains from all those people rushing to cash in now.   Raising it with immediate effect is more likely to stop people selling and might actually reduce revenue.

 It’s an open forum, all opinions and views will be stated.  If you don’t like the “stop discussing things” mantra, that’s cool, just ignore it 🤷‍♂️

I see what you did there.......

It’s all a bit of light hearted fun.  We can all commiserate together after next week.

aroominyork

wmb194 said:

As per the mid-year change in 2010, the next day.

Good point. Unfortunately I cannot amend the poll.

hallmark said:

My view on CGT: I think there's a fairly compelling case for raising it w/eff 6th April as that would generate an instant stream of gains from all those people rushing to cash in now.   Raising it with immediate effect is more likely to stop people selling and might actually reduce revenue.

Yup, that's logical and what I hope. The govt needs cash in the bank.

onomatopoeia99

wmb194 said:

As per the mid-year change in 2010, the next day.

Was that for gains made from the next day, or gains reported from the next day? 

masonic

onomatopoeia99 said:

wmb194 said:

As per the mid-year change in 2010, the next day.

Was that for gains made from the next day, or gains reported from the next day? 

It would be for disposals made from the next day. If gains not only had to be crystallised but also reported, it would be quite an incentive for everyone to complete their tax returns for 2023/24 in the next few days

dunstonh

When will any changes in Capital Gains Tax take effect?

it could be at midnight.  It could be a date in January or April.     All variations have been used in the past.  

Theory has it that Labour want the money now.  Not later.   So, an immediate change is unlikely as history shows that people usually wait the cycle out until CGT improves under a future Government.    Whereas a change in January or April would give people a chance to dispose at the lower rate and generate revenue now.

Its all speculation and not a single person answering the poll has any insight on what is likely.