Blog: How could the Spring 2021 Budget affect insurance brokers?

budget-briefcase

Is Capital Gains Tax (CGT) rising?
It’s been impossible to avoid media coverage on potential increases to capital gains tax. The rumours follow the big change that cut availability of entrepreneurs’ relief to £1m of gains in 2019 and changed the name of the relief to Business Asset Disposal Relief (BADR). 

One thing we learned last year was that the Government wasn’t shy to make a shock change, with the reduction taking immediate effect rather than at the end of the tax year.

So, in case CGT

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