Reeves confirms Capital Gains tax rise

Chancellor Rachel Reeves confirms Capital Gains tax will increase, with the lower rate rising from 10% to 18%, and the higher rate from 20% to 24%.

She insists this will still be the lowest rate for any European G7 country and, while maintaining the lifetime limit on the Business Asset Disposal Relief, will raise £2.5 billion.

Report by Alibhaiz.

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