Capital gains tax on the rise – behind the headlines
Capital gains tax raised £16.7 billion in 2021/22, according to HMRC – a 15% increase over the previous year. But what lies behind these statistics?
Capital gains tax raised £16.7 billion in 2021/22, according to HMRC – a 15% increase over the previous year. But what lies behind these statistics?
With a general election less than 18 months away, thoughts are turning towards the potential policies of a new occupant of 11 Downing Street.
From 6 April 2023, new legislation is set to simplify tax on divorce with a proposed three-year increase to the CGT-free period after the tax year of separation.
If you want this tax year’s ISA to save income tax, capital gains and inheritance tax, then maybe it’s time you consider an AIM ISA?
The future of two personal taxes – inheritance and capital gains – has been clarified, with no major changes to be made to either, so now you have no excuse to delay estate and CGT planning.
With Christmas and New Year now over, it’s time to think about tax year-end planning.
New HMRC data shows that in 2019/20, £9.9 billion of capital gains tax (CGT) liabilities were created.
An early 3 March Budget means the time is now to consider your tax position.
A recent report could herald changes to capital gains tax.
Do you know how many people pay CGT in the UK? HMRC has released some revealing research.