Tax Return Due Date 31st January 2018
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Capital gains tax is cut

Harish Verma

Capital Gains Tax is cut as from 6 April 2016

The tax paid by investors who sell assets has been reduced.

The change, means higher rate taxpayers will pay 20% on investment gains rather than the previous 28%,

While those who are not higher rate taxpayers will pay 10% instead of the previous 18%.

The change does not apply to property.

The annual amount that can be made before tax is unchanged at £11,100.

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