TaxPersonal TaxBudget 2000: CGT cuts will create lowest tax rates for long-term investors

Budget 2000: CGT cuts will create lowest tax rates for long-term investors

Capital gains tax will be cut to its lowest ever levels for long-term investors, Brown said.

The rate after one year will be cut from 40% to 35% for the first year, 30% for the second year, 20% for the third year and 10% for the fourth year, the chancellor told MPs.

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