Spring Budget: Changes to Capital Gains Tax rates
March 16, 2016
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.