10 ways to cut your capital gains tax bill

Higher capital gains tax rates now have to be factored into our annual financial planning – but these 10 steps could help you cut your bill

Person looks at tax documents as she sits beside laptop at kitchen table.
There are lots of ways to cut a capital gains tax bill, from offsetting any losses to carrying out a 'Bed & ISA' transaction
(Image credit: staticnak1983 via Getty Images)

Capital gain tax (CGT) rates have been hiked as part of revenue raising measures by the Labour government, meaning you could now face a higher bill when you sell or give away assets.

The lower rate of CGT has been raised from 10% to 18%, and the higher rate from 20% to 24%, bringing the main rates in line with those charged on the sale of second homes.

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Katie Williams
Staff Writer

Katie has a background in investment writing and is interested in everything to do with personal finance, politics, and investing. She enjoys translating complex topics into easy-to-understand stories to help people make the most of their money.

Katie believes investing shouldn’t be complicated, and that demystifying it can help normal people improve their lives.

Before joining the MoneyWeek team, Katie worked as an investment writer at Invesco, a global asset management firm. She joined the company as a graduate in 2019. While there, she wrote about the global economy, bond markets, alternative investments and UK equities.

Katie loves writing and studied English at the University of Cambridge. Outside of work, she enjoys going to the theatre, reading novels, travelling and trying new restaurants with friends.

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