UK Government plans to increase its capital gains tax rate
In a notable shift, British finance minister Rachel Reeves announced on Wednesday, October 30, a hike in the capital gains tax rates for most assets, including stocks and cryptocurrencies. Under the new plan, the tax rate will increase from 10% to 18% at the lower rate, and from 20% to 24% for higher earners. Reeves stated that these adjustments are projected to generate £2.5 billion, aligning capital gains tax with the rates already applied to property transactions, which will remain steady at 18% and 24%. Picks for you 2 Bitcoin mining stocks not to ignore amid growing AI demand 2 hours ago What will Nvidia stock price be in 2030? 3 hours ago ...