Capital gains

Capital gains

FORTHCOMING CHANGE: BADR and investors’ relief: At Autumn Budget 2024 on 30 October 2024, in addition to increasing the main rates of CGT and reducing the CGT lifetime limit for investors’ relief for disposals on or after 30 October 2024, the government announced increases in the respective rates for business asset disposal relief (BADR) (formerly known as entrepreneurs’ relief) and investors' relief from 10%–14% with effect from 6 April 2025, and from 14%–18% from 6 April 2026, thereby realigning these rates with the lowest main rate of CGT by 6 April 2026. The changes, which are subject to transitional and anti-forestalling provisions, are introduced by Finance Bill 2025. For further information, see Autumn Budget 2024—Tax analysis, Finance Bill 2025 clauses 7–11 and Schedules 1–2 (as introduced), Autumn Budget 2024 (paras 2.48, 2.49, 5.65 and 5.66), OOTLAR (paras 1.9 and 1.10), Policy paper: Changes to the rates of Capital Gains Tax and Policy paper: Capital Gains Tax: Investors’ relief—lifetime limit reduction.

FORTHCOMING CHANGE: Abolition of non-dom regime: At Autumn Budget 2024, the Labour government confirmed that it will proceed with plans of the former Conservative

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