Capital Gains Tax

Tax Rates 2023/24

 

 

Introduction
Income Tax
Pensions
Annual investment limits
National Insurance Contributions
Vehicle Benefits
Tax-free mileage allowances
Capital Gains Tax
Corporation Tax
Main capital allowances
Property Taxes
Value Added Tax
Inheritance Tax
Key dates and deadlines
Useful rates

Capital Gains Tax

  2023/24 2022/23
Annual exemption amount
Individuals, estates £6,000 £12,300
Most trusts 3,000 6,150
Tax rate
Individual (to basic rate limit)* 10% 10%
Individual (above basic rate limit)* 20% 20%
Trusts, estates* 20% 20%
Business Asset Disposal Relief (BADR)** 10% 10%

*Individuals are taxed at 18%/28% on gains on residential property and receipts of carried interest. Trusts and estates are taxed at 28% in these circumstances.

**BADR is available on qualifying gains of up to £1m.