2024 Budget Highlights Tax. The stamp duty land tax surcharge for second homes, known as the “higher rate for additional dwellings”, will rise by two percentage points to 5pc from thursday, ms reeves. The rates of cgt for disposals made on or after 30 october 2024 are increasing from 10% to 18% for basic rate taxpayers and from 20% to 24% for higher and additional rate.

Changes to inheritance tax were also laid out in the budget. We present the highlights below.