In a move to strengthen the incentive to invest, chancellor George Osborne has slashed capital gain tax (CGT) payable on gains from asset sales in the 2016 Budget.
The 18% rate currently paid by basic rate taxpayers will be reduced to 10% with effect from 6 April this year, while higher rate taxpayers will pay 20% instead of the current 28%.
Source Moneywise http://ift.tt/1RObYV2
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