Capital Gains Tax

Capital Gains Tax: Individuals and Trustees2024-252023-24
Annual exempt amount
Standard rate taxpayers10%10%
Higher rate taxpayers / Trustees20%20%
Business Asset Disposal Relief Rate lifetime limit£1,000,000£1,000,000
Business Asset Disposal Relief Rate 10%10%
Investors’ relief lifetime limit£10,000,000£10,000,000
Investors’ relief rate10%10%

* A higher rate of CGT on residential property gains applies at the rate of 24% (2023-24: 28%) for higher rate taxpayers as well as for trustees and personal representatives. There is a lower rate of 18% (2023-24: 18%) for basic rate taxpayers.

The 18% and 28% rates of CGT that have historically applied to gains in respect of carried interest (the share of profits or gains that is paid to asset managers) remain unchanged in the current tax year.


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