The total value of Capital Gains Tax (CGT) paid by people under 35 has more than doubled in a year, from £192 million in 2019/20 to £421 million in 2020/21, according to private equity firm Growthdeck.
Amy Shrives, the director of business development at Growthdeck, said that investments in cryptocurrencies and meme stocks played a role in the increase in CGT paid by young investors.
Crypto and meme stock investments have proven more popular with under 35s than with older age groups.
Durin...