UK Capital Gains Tax 2024-25: Rates, Annual Exempt Amount & Reporting
The CGT annual exempt amount was cut to £3,000 in 2024-25. Residential property gains are taxed at 18%/24% and other assets at 10%/20%.
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UK CGT applies on gains from selling assets including shares (not in ISA), second properties, and business assets. The annual exempt amount is £3,000 for 2024-25. Basic rate taxpayers pay 10% on most assets and 18% on residential property; higher rate taxpayers pay 20% and 24% respectively.
Disclaimer: This article is for informational purposes only and does not constitute financial, tax, or legal advice. Tax laws change frequently — consult a qualified tax professional or official government resources for advice specific to your situation.
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