The article warns that the Government may raise capital gains tax (CGT) in the Budget, potentially bringing rates closer to income tax levels. It says this could affect more investors and property owners, while experts caution that higher rates might discourage investment and reduce tax receipts as people delay selling assets.

CGT revenue reached a record £24.2 billion in 2024/25, up 89 per cent in a year, while the number of taxpayers rose 45 per cent to 584,000 after the annual tax-free allowance was reduced to £3,000. Proposed changes could increase rates from 18 to 20 per cent for basic-rate taxpayers and from 24 to 40 per cent for higher-rate taxpayers; the article also notes that CGT can tax nominal gains caused by inflation and suggests those planning sales may consider acting before the Budget.