With the amount of noise there’s been about it, I’d say a big overhaul of CGT is pretty much a certainty. On the other side of the Red Wall, it’s no doubt seen as a fat cat tax and the rates for property sales are already more than those for sales. I doubt they’ll do more extreme things, scrapping or cutting the allowance, and, bearing in mind how much they need to raise to pay for All This, there are worse options. For better or worse, it’ll probably mean I won’t be selling up and retiring. Back to the ‘until I drop’ option.
“IHT to be ‘battleground policy’ in general election as receipts continue to grow”
Just when you thought Inheritance Tax was to become yesterday’s news, it’s back as, apparently and potentially, a ‘battleground policy’ as the election looms.
