Budget 2008: Capital Gains Tax CGT Stays at 18%
Published / Last Updated on 11/03/2008
Chancellor Alistair Darling has confirmed that the proposed changes to capital gains tax (CGT) will go ahead and capital gains tax (CGT) will be at a flat rate of 18% rate with effect 6 April 2008.
Capital Gains Tax (CGT) rate will be a flat 18%.
Capital Gains Tax (CGT) on business assets will also be 18% however, after intense lobbying through the Winter, capital gains tax (CGT) for the first £1m of gains on business assets will be 10% after the Chancellor announced in October the withdrawal of taper relief to the
The Personal Capital Gains Tax (CGT) yearly allowance is up to £9,600
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