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Peter Geikie-Cobb is our Head of Investment Research. With a 35 year career in Financial Services as a former bond fund manager and multi-asset investment manager, he is able to bring clarity to the noise we read in the headlines.
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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.
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The articles presented on the Montgomery Associates website do not constitute an offer or invitation in respect of investments described, nor should they be interpreted as advice or a recommendation. You should contact your financial adviser or accountant for advice relating to your circumstances. The opinions and information in these articles have been prepared from sources believed to be reliable at the time and are given in good faith. The information and opinions expressed in this document represent the views of Montgomery Associates at the time of preparation and may be subject to change.
The value of an investment and any income from it can fall as well as rise and you may not get back the amount you originally invested.
Past performance is not a guide to future performance.