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Capital Gains Tax
CGT: Halved and Halved Again
The 6th April 2024 will mark the start of the new 2024/25 tax year and a further reduction in Capital Gains Tax (CGT) allowance from £6,000 down to £3,000.
The once generous rate of £12,300 ended last year and with tax-free CGT allowances ebbing away many investors will be facing a potentially inevitable tax liability for the first time on investment profits.