Originally posted by SantaClaus
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There is no taper relief (or indexation) any more.
I have seen absolutely noone kick up over the withdrawal of indexation from the calculations. This means that an increase in value purely down to inflation will be taxed. I would be livid about that.
Just a blanket 18% CGT on any gain (or 10% on the first £1,000,000 if applying entrepreneur's relief).
Still worthwhile having a look at the CGT option anyway because there is an annual amount of capital gain that is not taxed at all (£9,600 this year I think) and I would imagine that most people don't get to use that.
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