Of all the unpleasant personal finance measures announced in the Chancellor's high-spending, high-taxing Budget, the one that took most experts by surprise was the hike in capital gains tax on share sales. This means there is no CGT on gains made on investments held inside the tax-free wrapper – be it from UK shares, international shares, investment funds or investment …
Capital gains tax is levied on profits from assets ranging from shares to second homes, buy-to-let properties and personal possessions. Capital gains tax, known as CGT, is levied on profits on assets including stocks and shares, second homes, buy-to-lets and some personal possessions. However, radical cuts to the CGT allowance - to £6,000 in spring 2023 and £3,000 from April …
