What Is Capital Gains Tax Rate For 2024 Uk. This may affect business owners looking to sell or close their companies, and one strategy may be. For the current tax year (2024/25), the cgt allowance is £3,000.
Cgt is only applicable to gains exceeding £3,000, and you’ll be liable to pay tax on gains when it exceeds this amount. This tax information and impact notice outlines changes to the higher rate of capital gains tax that is charged on residential property gains from 6 april 2024.