Part 1

Charges, rates, allowances, reliefs etc

Capital gains tax

Rate etc
8
1
In TCGA 1992, for section 4 substitute—

Rate of capital gains tax
4
The rate of capital gains tax is 18%.
2
Schedule 2 contains further provision for and in connection with the reform of capital gains tax.
3
The amendment made by subsection (1) has effect for the tax year 2008-09 and subsequent tax years.