The UK chancellor announced immediate increases in capital gains tax (CGT) rates: from 10% to 18% for basic-rate taxpayers and from 20% to 24% for higher-rate taxpayers. The annual capital gains allowance remains at £3,000. Investors can utilize their £20,000 ISA allowance, which is tax-free, but those exceeding this will face CGT on gains. Although there were concerns about a potential rise to 40%, the changes are viewed as moderate. Critics argue that higher CGT rates could deter investment. Exemptions exist for certain assets, and financial advisers recommend seeking guidance due to the complexities of CGT regulations.