Vera Allison 2024 Capital Gains Tax Allowance 2024/5

Capital Gains Tax Allowance 2024/5

Capital Gains Tax Allowance 2024/5. The cgt annual exempt amount is to be cut to £6,000 from april 2023, and then cut again the following year to just £3,000. The act provides for a number of measures announced at the spring budget 2024, including a reduction in the higher rate of cgt for gains on residential property.


Capital Gains Tax Allowance 2024/5

The simplest way to avoid capital gains tax is to regularly use your capital gains tax allowance (officially known as your annual exempt amount or. This is a significant drop from previous years ;

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