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Emergency Budget 2010:  Capital gains tax changes

From midnight tonight (22 June) the rate of capital gains tax for higher rate taxpayers will increase from 18% to 28% but will remain at 18% for basic rate taxpayers.  Better make sure those sale contracts are signed today.

 

Entrepreneurs relief has also been significantly extended from  £2m to £5m for gains on or after 23 June.

 

 

 

Date: 22nd June, 2010
Author: Cathy Corns

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