Capital Gains Tax Rate 2024 Uk

Capital Gains Tax Rate 2024 Uk. You will pay 10% on gains over the aea if you are a basic rate taxpayer, or 18% if the gain comes from residential property. Where ‘business asset disposal relief’ (badr) applies, the rate of tax on the whole gain is 10%, subject to a £1m lifetime allowance.


Capital Gains Tax Rate 2024 Uk

For the 2024 to 2025 tax year the allowance is £3,000, which leaves £9,600 to pay tax on. In 2023 to 2024 the trust has gains of £7,000 and no losses.

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