Investors and entrepreneurs face paying higher rates of capital gains tax in a tax rise that will bring in £8.9 billion by 2030.
The rates of the tax were raised for those making gains on all assets apart from property, with basic-rate taxpayers facing a rise from 10 per cent to 18 per cent and higher-rate taxpayers will face an increase from 20 per cent to 24 per cent.
It will hit investors with shares held outside an Isa who report capital gains of more than the £3,000 annual allowance, as well as those selling valuables such as artwork, jewellery or wine.
However, there was no rise in capital gains tax (CGT) for landlords or second-homeowners selling their properties, nor did the chancellor follow more