Capital Gains Tax (CGT) Autumn Budget 2024 (Subscriber Update)
The Chancellor, Rachel Reeves, in her Autumn 2024 Budget announced an increase in the lower and higher CGT rates to 18% and 24% respectively, an increase in Business Asset Disposal Relief (BADR) and Investors’ Relief (IR) to 14% from April 2025 and 18% from April 2026 and an increase in the CGT rate on carried interest to 32% before transitioning to full Income Tax treatment in 2026.
