Budget highlightsChancellor cuts Capital Gains Tax

17 March 1998

Budget highlights

  • Chancellor cuts Capital Gains Tax

    THE long-term rate for Capital Gains Tax will be cut from 40% to 10% from this April, Chancellor Gordon Brown announced in his Budget this afternoon.

    The 10-year CGT rate will be cut from 40% to 24%. The short-term rate will remain at 40%.

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