Capital Gains Tax

Tax Rates 2024/25

Oct Budget 2024

 

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
National minimum wage

Capital Gains Tax

  2024/25 2023/24
Annual exemption amount
Individuals, estates £3,000 £6,000
Most trusts 1,500 3,000
Tax rate - Disposals
  Up to 30.10.24 From 31.10.24
Individual up to Basic Rate Limit (BRL)    
– Residential property and carried interest 18% 18%
– Other assets 10% 18%
Individual above BRL, trusts and estates    
– Residential property 24% 24%
– Carried interest 28% 28%
– Other assets 20% 24%
Business Asset Disposal Relief (BADR)** 10% 10%

*BADR is available on qualifying gains up to a lifetime limit of £1 million.