Potential Capital Gains Rise9 Dec 2020 13:03
Has anyone given any thought about the potential increase in CGT which could hit as soon as April.
If it were to rise to 40% as suggested and the allowance is slashed it will make a massive hole in any gains for shares outside of Isa’s.
Putting shares in a limited company is one way around it but that means writing off 20% of your shares straight unless you are very lucky when you sell and buy back. Getting a business bank account is also very hard at the moment.