Selling shares now in case of cgt increase

[Good Plan Ted]

So funny time to be holding shares, Middle East, China problems (down 5%) yesterday and of course possible changes in the budget.

So with the 30day bed and breakfast rule I feel like now is the best possible to crystallise gains but also get back in if nothing changes in the budget-they can hardly backdate cgt changes.

What do peeps think?

[alscar]

More guesswork needed for CGT changes.
Fwiw I made sure that up until the end of the 23/24 tax year was sorted.
My concern is more about what might happen to the ability to carry forward losses but have decided to let that ride and see.
I think the allowance will disappear but it’s only £3k now.
The rate “ must “ increase given she is running out of options.

[The Leaper]

I've been considering selling my shares for some while now because of the media comments about the upcoming budget. My main concern is not so much a possible/likely increase in CGT rates to align with IT rates generally, but the withdrawal of the so called uplift on death which, if it happened, will be a blow to my estate planning and significant "cut" my beneficiaries' expectations.

R.

[ILikeCake]

I'm very much in the buy and grow phase... But hope everyone does sell up as it might shift the dial and mean I buy at an incrementally lower price!

[alscar]

The Leaper said:

I've been considering selling my shares for some while now because of the media comments about the upcoming budget. My main concern is not so much a possible/likely increase in CGT rates to align with IT rates generally, but the withdrawal of the so called uplift on death which, if it happened, will be a blow to my estate planning and significant "cut" my beneficiaries' expectations.

R.

I think we’ve exchanged views on this subject previously but yes paying perhaps 80% on your estate would seem to be outrageous !