There are commentators predicting a potential change
in the way individuals are taxed on their capital
gains. One potential option being
suggested is that capital gains are will no longer
be taxed separately at 18% and 28%, but as the
top slice of a person's income, meaning a potential
increase to 45%. In addition, there may be
restrictions put in place for Entrepreneurs’ Relief.
A post-election CGT rate change is not without precedent – indeed in 2010, the CGT rate increase took immediate effect.
We are now awaiting the budget on Wednesday to see what changes will arise.