Capital Gains Tax Rate 2024 Uk Government. In their march 2024 economic and fiscal outlook (efo), the obr estimate that the cut in capital gains tax payable on residential property gains increases property transactions. Due to the reduction, in april.
For the current tax year (2024/25), the cgt allowance is £3,000. — this tax information and impact notice outlines changes to the higher rate of capital gains tax that is charged on residential property gains from 6 april 2024.