New rules on Capital Gains Tax

[fredpuli47]

If someone buys shares now and sells, say, next year, at a profit , is the CGT on the profit calculated at 18 per cent (which I believe to be the new rate), from the price now or is it still under the old system? Or is it only calculated under the new rules if the acquisition is after April 6th ?:

[kempie]

Irrespective of how long you have held the asset, from 6th April 2008 CGT will be charged at a flat rate of 18% - both indexation and taper relief having been scrapped.

[dasherman]

You can make a gain of �9,200 before CGT is payable!