News from the industry...

Budget 2016: Capital Gains Tax

The CGT due on investments will be cut from 28 per cent to 20 per cent for higher rate tax payers and from 18 per cent down to 10 per cent for basic rate tax payers from this April.

In a further blow to landlords, this new move will not apply to gains made on the sale of second homes or buy-to-let properties. The old rates will apply for such cases.

Tax treatment varies according to individual circumstances and is subject to change.