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CGT changes at a glance: what investors need to know about the new rules
The UK’s capital gains tax (CGT) system underwent significant changes in October 2024, following the Chancellor Rachel Reeves’ Autumn Budget. The adjustments affect everyone from casual investors to landlords, entrepreneurs, and those disposing of crypto assets — and, crucially, HMRC’s outdated
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Outdated HMRC system leaves investors at risk of CGT penalties after mid-year rate rise
Thousands of UK investors could face unexpected fines and interest charges after HMRC’s online self-assessment system failed to account for last year’s mid-year increase in capital gains tax (CGT).In her October 2024 budget, Chancellor Rachel Reeves raised CGT rates on