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UK chancellor Rachel Reeves has announced an immediate increase in capital gains tax in her Budget, affecting shares sales for investors, with the lower rate rising from 10 per cent to 18 per cent, and the higher rate from 20 per cent to 24 per cent. But she left capital gains tax rates on residential property unchanged.
To find out how the Budget changes affect you, try the FT’s capital gains tax calculator.
in HTML format to make it easy for teens to read and understand. Create appropriate headings and subheadings to organize the content. Ensure the rewritten content is approximately 1000 words. At the end of the content, include a “Conclusion” section and a well-formatted “FAQs” section.
Author: www.ft.com
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