Capital gains tax hike 'when, not if' in Autumn Budget

Chancellor Weighs Rate Increase To 33-39%

October 11, 2024 • Reading time: 1 minute

There’s growing speculation that capital gains tax (CGT) will soon increase as Labour gets ready to present its first budget this month. This follows reports indicating that Chancellor Rachel Reeves might raise the rates to somewhere between 33% and 39%. Earlier on Thursday, The Guardian mentioned that Reeves had considered lifting CGT rates to as high as 39%. Griffin commented, “A complete overhaul of CGT might be seen as too time-consuming for the chancellor right now, so raising the rates could be seen as a temporary solution to quickly increase revenue.” However, the important question will be...

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