Capital Gains Tax 2024/25 Uk Government. The government has also announced a reduction in the higher rate of capital gains tax (cgt) due on sales of residential property. The spring budget did, however, reveal that the higher rate of cgt allowance 2024/25 on uk residential property disposal would drop from 28% to 24%.
Effective from 6th april 2024, the rate decreased from 28% to 24%, while the lower rate remains at 18%. Cgt is only applicable to gains exceeding ยฃ3,000, and youโll be liable to pay tax on gains when it exceeds this amount.
Capital Gains Tax 2024/25 Uk Government Images References :