Budget 2016 - other announcements

Chancellor George Osborne delivered his Budget statement to the House of Commons on Wednesday 16 March 2016.

Here’s our summary of some of the highlights from his speech:

  • Capital gains tax will reduce from 28% to 20% from April 2016. The rate for basic rate taxpayers will fall from 18% to 10%.
  • Insurance premium tax will increase by half a percentage point.
  • There will be investment in rail and road projects across the country.
  • Stamp duty rates on additional properties which come into effect next month will also apply to large investors.