The Capital Gains Tax Allowance level remains at £11,100 in 2016/17 but there has been a change
in the charging structure for capital gains. Above the £11,100 allowance level, capital gains tax will
be charged at 10% for basic rate taxpayers and 20% for higher rate tax payers — except for second
properties where the tax will remain at the 18% and 28% rates respectively. This is meant
to encourage people to invest in stocks and shares rather than property.
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