Capital Gains Tax 2024/25 Uk Government

Capital Gains Tax 2024/25 Uk Government. That only represents 1.7% of total tax receipts for the year but a new government looking to raise funds might be tempted to look at cgt, which is currently charged at a maximum 20% for most assets excluding. For the current tax year (2024/25), the cgt allowance is £3,000.

 — for 2024/25, the higher rate of property capital gains tax will be reduced from 28% to 24%, chancellor jeremy hunt announced in his budget of 6 th march. The government has also announced a reduction in the higher rate of capital gains tax (cgt) due on sales of residential property.