Capital Gains Tax Rates 2024/5

Capital Gains Tax Rates 2024/5. Enter the purchase and sale details of your assets along with tax reliefs and our capital gains tax calculator will work out your tax bill including all tax rates and allowances. For the current tax year (2024/25), the cgt allowance is £3,000.

In their march 2024 economic and fiscal outlook (efo), the obr estimate that the cut in capital gains tax payable on residential property gains increases property transactions. Since 6th april 2024, the uk’s capital gains tax allowance has been reduced from its previous rate.