CGT up at the budget, or not?

[gareth h]

I was prepping to take a CGT hit before the budget, but reports in The Times today suggest it won’t be increased, any views?
TIA

[alscar]

According to the BBC today rates won't be increased.
Personally I still think they might be but perhaps only slightly and certainly nowhere near a match to Income tax.

[ChrisH72]

Angela Rayner wouldn't answer the question on the news this morning surprise surprise. She said you only need to wait another week.

In some ways I don't have a big problem if they increase it but really inflation should be taken into account. With second homes/rentals for example many haven't increased in value beyond inflation for the past decade.

[PoorCarCollector]

I wouldn't be surprised it we see another small upward tweak in CGT, as happened before, maybe a 2-4% increase?

I've sold a big chunk onf my GIA anyway, to lock in the gains, as I'll need the money in the next 12-24 months and I'm not confident in the stock market over that timescale. Have moved to money market fund + short dated gilts. No doubt I've got it wrong and it'll keep going up!

[alscar]

ChrisH72 said:

Angela Rayner wouldn't answer the question on the news this morning surprise surprise. She said you only need to wait another week.

In some ways I don't have a big problem if they increase it but really inflation should be taken into account. With second homes/rentals for example many haven't increased in value beyond inflation for the past decade.

Ms Raynor probably can’t even spell CGT let alone understand it - look back at the infamous Andrew Neil interview from a number of years ago.

[Ascayman]

not increasing CGT might be one of the first sensible things this government has done.

[Simpo Two]

Ascayman said:

not increasing CGT might be one of the first sensible things this government has done.

Although taxing interest on cash in S&S ISAs at 22% is still on the cards for next April, a residue of the Reeves School of Economics. Note that since ISAs can't be taxed, it's called a 'charge' instead.

[xeny]

Simpo Two said:

Although taxing interest on cash in S&S ISAs at 22% is still on the cards for next April, a residue of the Reeves School of Economics. Note that since ISAs can't be taxed, it's called a 'charge' instead.

Pretty trivial to mitigate though. Feels as if they realised it was a dumb idea, but didn't want to admit it, so made it very easy to avoid.

[sto66]

xeny said:

Simpo Two said:

Although taxing interest on cash in S&S ISAs at 22% is still on the cards for next April, a residue of the Reeves School of Economics. Note that since ISAs can't be taxed, it's called a 'charge' instead.

Pretty trivial to mitigate though. Feels as if they realised it was a dumb idea, but didn't want to admit it, so made it very easy to avoid.

What's the mitigation? Invest it ?