Capital Gains Tax Uk 2024
Capital Gains Tax Uk 2024. In the uk, capital gains tax for residential property is charged at the rate of 24% where the total taxable gains and income are above the income tax basic rate band. Capital gains tax rates for residential property 2024/25 stand at:
In the 2023/24 financial year, the government earned approximately £15.4bn from capital gains tax. 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 by.