Capital gains tax reprieve cheers investors amid budget gloom

The UK chancellor's budget briefcase

Investors can breathe a sigh of relief as the UK budget announced on 22 June revealed that capital gains tax (CGT) will only rise for higher-rate taxpayers - those earning more than £43,875 ($65,734) a year. The 10% increase to 28% is relatively good news for investors, given rumours that CGT would be brought into line with higher income tax rates of 40% and 50%.

Those that have been opting for some form of growth-based structured product will therefore be largely unaffected. "The financial serv

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: