Capital Gains Tax Annual - change in CGT rates
October 31, 2024
It was announced in Rachel Reeves' Budget statement on 30 October that the higher and lower rates of CGT have been increased to 24% and 18% respectively withe effect from the 30th of October.
The Investors Relief lifetime allowance has been reduced from £10 million to £1 million for disposals takiomng place on or after 30 of October.
These and related changes are summarised on the home page of the Capital Gains Tax Annual ahead of a more detailed update.