Budget Summary 2025
PERSONAL TAX ALLOWANCE Freeze on Income Tax Threshold – remaining at £12,570 until April 2028 when it will be reassessed. CORPORATION TAX RATE The main rate of corporation tax has remained at 25% for profits over £250,000 and for profits under £250,000 it will remain at 19%. CAPITAL GAINS TAX (CGT) CGT Rate the main rates of Capital Gains Tax that apply to assets other than residential property and carried interest from 10% and 20% to 18% and 24% respectively,…
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