Tax on land after 30th Oct budget

[mp2016]

Hello

If i own land that i paid 60k for about 4 years ago and is now worth 80k or 90k, what is the tax rate on sale of the land after yesterdays budget? and does it come into immediate effect?

my personal tax rate is at the 40% rate.

Thanks

[bd6759]

30 October 2024 onwards
The following Capital Gains Tax rates apply:

18% and 24% for individuals (not including carried interest gains)
18% and 24% for individuals for residential property gains
18% and 28% for individuals for carried interest gains
24% for trustees including residential property gains
24% for personal representatives of someone who has died including residential property gains
28% for personal representatives of someone who has died for carried interest gains
10% for gains qualifying for Business Asset Disposal Relief


As a 40% payer, you will pay the higher rates.