[UK Treasury announces increase in capital gains tax on most assets] Golden Finance reported that British Chancellor of the Exchequer Reeves said in his budget speech that capital gains tax on most assets will be increased from a lower rate of 10% to 18%, and capital gains tax on high-income earners will be increased from 20% to 24%, and said that the change in the system will raise 2.5 billion pounds. The increase in capital gains tax brings the tax rate on most assets in line with the tax rate payable on real estate. Capital gains tax is paid on profits from the sale of assets exceeding 3,000 pounds (3,896.70 US dollars), and the tax rate depends on the amount of income tax people usually pay and the size of the gains.