Change in Capital Gains Tax Factsheet

March 2016 - Budget update

  • The higher rate of capital gains tax (CGT) will be reduced from 28% to 20%
  • the lower rate will reduce from 18% to 10% with effect from 6th April 2016.
  • The 28% and 18% rates will continue to apply to carried interests and to chargeable gains on residential property.