Capital gains tax reprieve cheers investors amid budget gloom

budget-briefcase
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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net 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 individual account here: