PenguinUK

Hi BackYardBullion,

Very interesting video on the changes to CGT. Thanks mate. I though there would be a lot of discussion on this. (Perhaps I have missed relevant content elsewhere on forum)

Here's a link to the .gov.uk page Capital Gains Tax: what you pay it on, rates and allowances: Capital Gains Tax rates - GOV.UK (www.gov.uk)

I found the the guide section on  "If you pay basic rate Income Tax"  quite baffling, but the example seems to show that for some basic rate tax payers, the CGT rate will be 10% (beyond the allowance levels).

Doesn't seem too bad for me, but I still think it is pretty dastardly of the government to slash the rates so.

But also I loathe the idea of having to get involved with HMRC at all (as I fear they will likely hound me in subsequent years)

Kind regards to all,

PenguinUK