Budget 2013 - Capital Gains

The current rate of 30% is being increased to 33%. This increase applies in respect of disposals made after 5 December 2012.

Relief for Farm Restructuring

To enable farm restructuring, relief will be available where the proceeds of a sale of farm land are reinvested for the same purpose.

This relief will apply for the period from 1 January 2013 to 31 December 2015. This will be a once-off relief and will be subject to EU State Aid approval.

Full details will be provided in the 2013 Finance Bill.