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Capital gains tax

5 replies

Summerbubbles · 25/10/2021 13:34

Does anyone know, if Rishi raises cgt as expected in the budget tomorrow, how quickly would it actually take effect? Would it be from April when the new tax year begins or would it be immediately?
I can't seem to find an answer anywhere.

OP posts:
BritInUS1 · 25/10/2021 13:52

Nobody knows until the budget- it will be announced then - anything you find before this will be pure speculation

Dindundundundeeer · 25/10/2021 15:23

It varies. Pension rules changed at 12 noon of the announcement last time. Sometimes we get notice.

Summerbubbles · 25/10/2021 16:35

Thanks for the replies, typically of my bad luck I have a house sale completing on Friday, so two days may end up being very costly.

OP posts:
Dindundundundeeer · 25/10/2021 18:14

Possibly, but house rates are already higher, you may get lucky!

Dindundundundeeer · 25/10/2021 18:15

Also they WANT you to sell so it pays to give notice. If I were Rishi, this would be fine!

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