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Monday 17th December 2018 - Last update: March 16th, 2016.

Spring Budget: Changes to Capital Gains Tax rates

March 16, 2016

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Type: Latest Blogs, Property & Construction Blogs, Tax, Trending

From 6 April 2016, the rates of Capital Gains Tax (‘CGT’) payable on gains will fall as follows:

 

Old Rates New Rates
Basic Rate taxpayer 18% 10%
Higher Rate taxpayer 28% 20%

 

However, the old CGT rates will continue to apply to gains realised on the sale of residential property other than your main residence.

 

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