With rumours circulating about the UK CGT tax rates being brought inline with income tax I was wondering if;
- Would the rate increase only take place from a future tax year e.g. 2022/23 onwards?
- Or, could the tax rate be retroactively applied to the 2021/22 tax year?
The increase would be substantially bigger from 20% to 45% therefore it would be good to know if this does take place, should assets be sold off before the end of this tax year.