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
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