In the Autumn Budget, the Chancellor confirmed an increase in the capital gains tax (CGT) rate paid by basic rate taxpayers from 10% to 18% and from 20% to 24% for higher rate taxpayers. These changes were made immediately and were effective as of Budget day on 30 October.

In addition to the general increase, the flat rate of CGT applicable to disposals qualifying for business asset disposal relief (BADR) will also increase from 10% to 14% in April 2025 and again to 18% in April 2026. The qualifying criteria and lifetime limit remain the same.