Capital Gains Tax 2024/2024 Uk. Based on the statement, capital gains tax (cgt) exemptions would undergo a reduction starting in april 2023, followed by additional decreases from april. Changes to the higher rate of tax on residential property disposals.
Any excess gains are taxed at 20%. This decreased to £6,000 for the (current) 2023/24 tax year and will decrease again for the 2024/25 tax.
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