Capital Gains Tax 2024/25 Uk . Capital gains tax is not a big revenue raiser, with the office for budget responsibility (obr) estimating that total capital gains tax receipts will be £15.2 billion. 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 £3,000. If your assets are owned.
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