Capital Gains Tax Rate 2024/25 202425

Capital Gains Tax Rate 2024/25 202425. For the current tax year (2024/25), the cgt allowance is £3,000. Capital gains tax (cgt) cgt is charged on any profits (the 'gains') you make when you sell (or transfer) shares and unit trusts, or other assets such as a second home.

This represents 1.3 per cent of all uk government receipts, equivalent to. The government has announced that the higher rate of capital gains tax on gains from residential property will be reduced from 28% to 24% for gains accruing on or after 6.