Capital Gains Tax 2024/25 Uk Rate

Capital Gains Tax 2024/25 Uk Rate. The cgt rate might be increased to match income tax, or the current £3,000 exemption could be reduced or eliminated. Gains made on disposals of residential property that do not qualify for prr are chargeable to cgt at 18% for any gains that fall within an.

For the 2024/25 tax year, the capital gains tax (cgt) allowance in the uk is £3,000. For 2024/25, the higher rate of property capital gains tax will be reduced from 28% to 24%, chancellor jeremy hunt announced in his budget of 6 th march.