The government has published its emergency June budget.
There will be consultation on the introduction of a general anti-avoidance rule.
The capital gains tax rate for individuals will be 28% for those who pay income tax at 40% or 50%, and for trustees and executors. Lower rate tax payers will pay 18% on gains. The annual exemption remains at £10,100. Entrepreneurs' relief remains at 10%, with the lifetime cap at £5m, up from £2m.
Settlors of settlor-interested trusts are to be required to make a payment to trustees where they receive a tax rebate in respect of trust income. There will be consultation about bringing inheritance tax schemes within the disclosure rules.