Will the Government tinker with capital gains tax to help pay the coronavirus bill?

The Chancellor has ordered an urgent capital gains tax review which could hit many homeowners and investors, depending on the outcome. With Rishi Sunak and the Government looking at ways to foot the coronavirus bill, will CGT be changed and will they keep their manifesto pledge to not raise income tax, national insurance or VAT? On this week's podcast, Simon Lambert, Lee Boyce, and Georgie Frost look at what could happen to CGT and why. We discuss the problem facing 'cladding prisoners' – people who are trapped in flats wrapped in dangerous materials that are unable to sell, or take advantage of the stamp duty cut, with banks nervy to lend to would-be buyers. A reader contacts us about an unusual letter from their bank seemingly randomly asking if they are a tax resident of Egypt, with no connection to the country whatsoever. Are you an aspirational recycler? We talk you through our guide on how to recycle, properly. Travel is still on our lips, with Georgie booking a trip to Spain: What do you need to consider if you're tempted to do the same? And finally, we look at the cheapest cars to insure, with a surprising choice at number one: a sporty, two-seater convertible.

There are no comments yet.

Please log in to write the first comment.