Effective date of update: Immediate 

The Capital Gains Tax rates have been raised to 18% and 24% for the sale of all chargeable assets, an increase from the previous rates of 10% and 20% for non-residential transactions. 

There has been a notable update regarding Business Asset Disposal Relief, previously referred to as Entrepreneurs Relief. 

Effective date of update: April 2025 then April 2026 

This relief offers significant tax advantages when selling business interests and was originally set at a 10% tax rate with a lifetime cap of £1 million per individual. Starting from April 6, 2025, the relief rate will rise from 10% to 14%, and then it will see another increase to 18% on April 6, 2026.