Capital Gains Tax update: If you do one thing before the end of 2021 make sure it’s this | Personal Finance | Finance


On its website, it continued: “If you sell those investments at a $1,500 (£1133.18) loss, you could offset the entire $1,000 (£754.92) that you gained — bringing your capital gains bill down to zero.”

Although it’s an idea worth considering, CGT is complicated so it’s best to seek advice.

Many fear that CGT could rise in the near future and even be brought into line with income tax.

This would see higher earners pay 40 percent tax.

Source link


Please enter your comment!
Please enter your name here