Is the expected rise in capital gains tax going to take immediate effect?

Will the rise in CGT take immediate effect on June 22nd and how likely is it that the current exemption of 10,100 will be reduced?|||We are in unusual times, and there are no guarantees. But these sort of changes are usually announced a financial year ahead of time.|||Until it is confirmed, no-one knows for certain. Typically, it would be announced in the pre-budget report and implemented the following April.





It is highly unlikely, as a previous poster states, that it would be bought in retrospectively from April 2010, and putting it through immediately may cause an administrative nightmare in the tax department keeping records of a change in tax rate on a personal tax level mid year (especially since they had problems with tax code notices in April with a new system being implemented). I predict it starting April next year, but don't quote me on it if it happens earlier!