Is capital gains tax (CGT) going to rise dramatically as the government attempts to claw back the cost of extra spending during the coronavirus pandemic? […] CGT is a tax on the profit when you sell (or ‘dispose of’) something (an ‘asset’) that’s increased in value. It’s only the gain that is taxed. 2020 July 15, Patrick Collinson, “Capital gains tax review: your questions answered”, in The Guardian: