Capital Gains Tax 2024 Uk Rate. Last tax year (2023/2024) the cgt allowance was £6,000 but it has been cut to £3,000 this tax year (2024/2025). The following capital gains tax rates apply:

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. The chancellor of the exchequer has made several announcements concerning rates and allowances applying from 6 april 2024, including the continued.