Capital Gains Tax Annual Exemption 2024/25
Capital Gains Tax Annual Exemption 2024/25. As part of the autumn statement in 2022, the chancellor announced that the annual exemption amount (aea) amount for capital gains tax was to be reduced over both. In the uk, capital gains tax for residential property is charged at the rate of 24% where the total taxable gains and income are.
With the annual exempt amount for cgt halved from £6,000 to £3,000 from 6 april 2024, the landscape for capital gains on residential properties is poised for. Complete the capital gains tax schedule, if either: