Capital Gains Tax 2024 Uk Tax

Capital Gains Tax 2024 Uk Tax. Looking at new ways to reduce your capital gains tax (cgt) liability in 2024? However, the spring budget announced that the higher rate of cgt on uk residential property disposals will be reduced from 28% to 24% with effect from 6 april 2024.

Capital gains tax rates for residential property 2024/25 stand at: Capital gains tax is not a big revenue raiser, with the office for budget responsibility (obr) estimating that total capital gains tax receipts will be £15.2 billion.