By Dominic Cole

I was interested to read that James Hambro have suggested to clients that they may want to consider reviewing assets standing at a gain to see whether they wish to dispose of them now in the expectancy that Capital Gains Tax (CGT) rates will increase after the next budget.

CGT is sometimes regarded as a tax on the wealthy, and therefore could be seen as a good target for increased taxation politically. In fact, as identified by St. James Place, HM Revenue and Customs raises more money from CGT than it does from Inheritance Tax.