RE: Capital gains cut19 Nov 2022 11:23
Jtan.
Investors to pay more tax as allowances are cut
The annual dividend allowance will fall from £2,000 to £1,000 from April 2023, and to £500 from April 2024. Dividends are payments made to shareholders by firms, usually out of their profits.
The annual capital gains tax allowance will be cut from its current level of £12,300 to £6,000 from April 2023 and to £3,000 from April 2024. Capital gains tax is charged on any 'gain' or profit you make when you sell or dispose of assets, such as personal possessions, a second home or shares that aren't within an ISA.