Capital Gains Tax 2024 Uk. A residential property in the uk on or after 6 april 2020. For the current tax year (2024/25), the cgt allowance is £3,000.
The capital gains tax rate you use depends on the total amount of your taxable income, so work that out first. Landlords in the uk could soon be hit with capital gains tax bills of up to £90,000 if labour’s proposed changes to the tax system are implemented.