Capital Gains Tax 2024/25 Uk Rate. 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. For 2024/25, the higher rate of property capital gains tax will be reduced from 28% to 24%, chancellor jeremy hunt announced in his budget of 6 th march.
For the current tax year (2024/25), the cgt allowance is ยฃ3,000. Use our capital gains tax (cgt) calculator to work out how much tax you might have to pay.