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They increased the basic band of CGT from 10% to 18% too. That’s going to capture a lot of people. And before that, the yearly CGT allowance has fallen from £12,300 (22/23) to £3,000 now. That’s a cynical Gov play IMO and a way to round up those who dabbled in asset investment or small side gigs especially during those lockdowns periods etc.

Z4 Explorer 1y ago

Its terrible jamw, affects smaller players, people with not so much money. How much tax will they increase by doing this? Insignificant. So cruel 😈. People are stretched thin with inflation and everything else. 👀

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jamw 1y ago

Totally.

jamw 1y ago

They also seem to forget that if the small plebs make a bit of cash, many will spend more thereby boosting the economy and tax revenue (VAT etc).