Capital gains tax: more people have to pay, so here’s what you need to know

With new, less generous rules, more taxpayers are now subject to capital gains tax, no longer just the wealthy. This shift has turned the levy into a significant revenue stream for the government, with income from it rising by almost 80% to £24bn last tax year. As more people fall under the capital gains tax net, it's crucial to understand how these changes will impact your finances and what steps you can take to manage this new tax responsibility effectively.