Autumn Budget 2024: Capital gains tax hiked to 24% in ‘blow for investors’
Higher rate of CGT has increased to 24%, while lower rate has risen to 18%
CGT
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AJ Bell: Labour and Conservative manifestos leave revenue questions
Conservative and Labour parties both promise no increases to income, VAT, or corporation tax
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Labour unveils manifesto targeting ‘wealth creation’ as top priority
However, commentators warn the lack of a concrete commitment to not raise CGT could concern investors
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Spring Budget 2024: Higher property capital gains tax dropped to 24%
In a bid to ‘encourage second homeowners to sell their properties’
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Platforms call for UK government to resist launching ‘retrograde’ British ISAs
Institutional investors urged to play a more proactive role in boosting the UK stockmarket
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What will the capital gains tax changes mean for MPS investors?
CGT changes could generate another £1.2bn for the Treasury by 2025