Written Question·Treasury·UIN 10639
Assets
Tabled: 22 October 2024
Answered: 30 October 2024
Question
Anna Dixon
Labour — Shipley
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
James MurrayAt 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...
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