Uk Capital Gains Tax Allowance 2024/25

Uk Capital Gains Tax Allowance 2024/25. Since 6th april 2024, the uk’s capital gains tax allowance has been reduced from its previous rate. 10% (18% for residential property) for your entire capital gain.

If you sold a uk residential property on or after 6 april 2020 and you have tax on gains to pay, you can report and pay using a capital gains tax on uk property account. You’ll only pay cgt on the gain you make from an asset, rather.