Uk Capital Gains Tax Rates 2024/25. This flat rate remained up until 2023 at which it rose to 25%. Capital gains tax—2024/25 has been explained in this comprehensive statement of the law which is unique to lexisnexis.
For the current tax year (2024/25), the cgt allowance is £3,000. It’s always best to consult with a tax advisor for personalised advice.
It’s The Gain You Make That’s Taxed, Not The Amount Of.
Who is likely to be affected.
Higher Rate Cgt On Uk Residential Properties.
45% additional rate on taxable income over £125,140.
Pay 24% Cgt On Residential Property And 20% On.
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The Amount Of Gross Income You Can Earn Before You Are Liable To Paying Income Tax.
This flat rate remained up until 2023 at which it rose to 25%.
10% (18% For Residential Property) For Your Entire Capital Gain If Your Overall Annual Income Is Below £50,270.
An actual increase in the cgt rates is another fear for investors.
Because The Combined Amount Of £29,600 Is Less Than £37,700 (The Basic.