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Supplementary Budget increases Capital Acquisitions Tax
Date: 08/04/09
- Posted by: editor
- Category: Industry News
The Supplementary Budget announced on 7th April 2009 has increased the rate of Capital Acquisitions Tax on a gift or inheritance from 22% to 25%. The rate had already been increased from 20% to 22% in October 2008. New group thresholds will also apply to gifts and inheritances taken on or after 8 April 2009. For more information, please see our updated article on Making a Will.
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