Capital Gains Tax Rate 2024/25 2024or. For the 2024 to 2025 tax year the allowance is £3,000, which leaves £9,600 to pay tax on. This allowance is essentially the amount of profit you can make (minus certain costs) from selling assets, such as investments or a property you let out, before you have to pay capital gains tax.
All the changes in the new capital gains tax rate and holding period, except for gold and international funds, will be effective immediately from july 23, 2024, announced budget 2024. The long term capital gains (ltcg) tax will rise from 10% to 12.5%, and the short term capital gains (stcg) tax on certain assets will increase from 15% to 20%.
Capital Gains Tax Rate 2024/25 2024or Images References :
