Wealth advisors expect CGT hike

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Wealth advisers expect CGT hike Wealth advisers are telling their clients to consider selling off assets in anticipation of a potential increase in CGT in the autumn Budget. Some are concerned that historically low rates of CGT are ripe for review as the Government seeks extra sources of funding for public services. Wealth advice firm James Hambro has written to customers with long-standing investments "pregnant with gains" following years of growth to urge them to weigh up the possibility of taking a tax hit now while rates are low. It is also concerned that people's reluctance to pay CGT could make their portfolios unbalanced and hence more risky.

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