Capital Gains Tax 2024 Uk. For the 2024 to 2025 tax year the allowance is £3,000, which leaves £9,600 to pay tax on. 10% (18% for residential property) for your entire capital gain.

There are two key issues here — there’s the chance the overall rate will rise, possibly to match income tax. Capital gains tax (cgt) is a tax on the profit you make when you sell certain assets such as second homes, when they increase in value during the time that you.