[vc_row][vc_column][vc_column_text]
Capital Gains Tax
Rates and annual exempt amount
CGT is not subject to the Conservative manifesto pledge not to increase the rates of Income Tax, National Insurance Contributions or VAT, which has contributed to speculation that CGT rates might be increased, possibly aligning them with Income Tax. No such announcement was made in the Budget, but a number of consultations to be issued on 23 March may cover this. Any change is unlikely to be introduced before the end of 2021/22, because the documents issued with the Budget show no changes to CGT rates.
The annual exempt amount will be fixed at its 2020/21 level of £12,300 until the end of 2025/26.
[/vc_column_text][/vc_column][/vc_row]