Assets
Commons · Question 10639 · Tabled 22 Oct 2024 · Treasury · Official record
Answered 30 Oct 2024
Question
Asked by Anna Dixon
To ask the Chancellor of the Exchequer, if she will make it her policy to ring-fence Business Asset Disposal Relief in the upcoming Budget.
Answer
Answered by James Murray, 30 Oct 2024
At Autumn Budget, the government announced that it would maintain Business Asset Disposal Relief, with its £1 million lifetime limit. The Chancellor also announced that the Capital Gains Tax rate for Business Asset Disposal Relief will increase from 10% t...