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11 October 2024

Insight

Michael Upton: Capital gains tax – date of disposal and conditional contracts

Among holders of disposable high-value assets there are concerns that HMG’s Budget on 30 October may see a significant increase in the rate of capital gains tax. For those currently contemplating asset sales there is consequent interest in whether concluding contracts before 30 October could ensure that current rates apply, rather than any post-Budget increase, writes advocate Michael Upton FCI Arb.