Budget 2024 – Capital Gains Tax

An increase in CGT was inevitable with Labour’s first Budget since 2010; however, the increase from 20% to 24% (10% to 18% for the lower rate) is smaller than a lot of people seemed to expect, which is a bit of a relief.

As a small investor this won’t be a huge impact although still the rise is frustrating but we’ll just have to work harder! Not turning political – it is what it is!

How it all started

Over some Christmas drinks with some friends the idea came about to start publishing my experiences with trading and investing having spent the last few years with stocks and shares (which won’t be the primary focus of this) and then more recently over the last months experimenting with forex, copy trading and the use of a range of automated trading tools.

Having lost a bit of money and making a bit of money, a strategy and plan has evolved which I’ll document here and keep updated with progress, successes and failures. As with most things in life, it won’t be finished as technologies change and peoples appetite for risk change.

There are some ideas here which may work for you and there might be some short cuts you can take without making the same mistakes (both in terms of time and money) and also always happy to hear suggestions, recommendations and thoughts as to other things to try.