New Capital Gains Tax 2024 Uk. Capital gains tax (cgt) applies when you make a gain from the sale, gift or disposal of an asset, where the asset has risen in value since you’ve owned it. Find out everything you need to know about the capital gains tax rates and allowances, and how the changes for the current tax year (2024/25) will affect your upcoming report.

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 approximately. Capital gains tax is the amount you pay on any profit you make when you sell an asset, such as a second home or shares.