Capital Gains Tax 2024/5. What capital gains tax (cgt) is, how to work it out, current cgt rates and how to pay. For the tax year 2023 to 2024 the aea will be £6,000 for individuals and personal.

The government has announced that the higher rate of capital gains tax on gains from residential property will be reduced from 28% to 24% for gains accruing on or after 6. Capital gains tax this allowance is essentially the amount of profit you can make (minus certain costs) from selling assets, such as investments or a property you.