Capital Gains Tax 2024/5. The chancellor has confirmed that the capital gains tax (cgt) annual exempt amount will be reduced from £12,300 to £6,000 from 6 april 2023 and to £3,000 from 6 april 2024. Capital gains tax (cgt) can be due when you sell something that’s increased in value, or you transfer it outside of your estate, e.g.
From april 2023, the uk capital gains tax allowance (“cgt”) will be reduced from £12,300 to £6,000 for individuals and personal representative for the 2023/24 tax year and then. If you have a capital loss you can usually.