News

Budget 2016 – other announcements

Chancellor George Osborne delivered his Budget statement to the House of Commons on Wednesday 16 March 2016.

Here’s our summary of some of the highlights from his speech:

  • Capital gains tax will reduce from 28% to 20% from April 2016. The rate for basic rate taxpayers will fall from 18% to 10%.
  • Insurance premium tax will increase by half a percentage point.
  • There will be investment in rail and road projects across the country.
  • Stamp duty rates on additional properties which come into effect next month will also apply to large investors.

You can read about the measures in more details in our full Budget report, as well as our review of the measures relating to businesses and personal finance.