What is the tax rate for gains made on non-main residence property for higher and additional rate taxpayers?

For higher and additional rate taxpayers, the tax rate on gains made from the sale of non-main residence property is set at 18% for basic rate taxpayers and 28% for those in the higher and additional income brackets. This reflects the government's approach to taxing capital gains, which typically applies to profits gained from the sale of assets that are not considered your primary residence.

This structure incentivizes certain types of investments while also ensuring that those with higher earnings contribute a proportionately greater amount through capital gains tax. The distinction in rates helps to delineate between taxpayers based on their income levels, recognizing that higher earners may be able to absorb a larger tax burden on their gains. Thus, the answer indicating 18% and 28% for higher and additional rate taxpayers aligns with the current tax structure for capital gains on non-main residence properties.