Rachel Reeves’ Budget 2024 Key Points

Implemented immediately Capital Gains Tax rates for disposals on or after 30 October 2024 rise from 10% to 18% (basic rate taxpayers) and 20% to 24% (higher rate taxpayers); the higher rate for residential property remains 24%; Lifetime limit for gains qualifying for...

A scythe to APR and BPR

Reforms severely restricting Agricultural Property Relief (APR) and Business Property Relief (BPR), will come into effect from April 2026.