Refer to the table below for rates applicable to disposals made on or after October 30, 2024.: Tax BracketIncome RangeCGT Rate on Assets Basic Rate Up to 50,270£ 18% Higher Rate Up to 150,000£ 24% Additional Rate Over 150,000£ 24%...
According to this definition, where a residential property includes a “non-residential” element, the property is no longer wholly residential and so the entire purchase can be assessed at the lower “mixed use” SDLT rates. The potential of reduced tax liability is encouraging purchasers to incl...