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CGT bill for young investors hits record £421m

News Team, 28/09/2022

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...


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