Capital Gains Tax Allowance 2024/25

Capital Gains Tax Allowance 2024/25. Add this to your taxable. The annual capital gains tax allowance (also known as the annual cgt exemption) is as follows:

Capital gains tax (cgt) is normally charged at a simple flat rate of 20% and this applies to most chargeable gains made by individuals. Each tax year, most individuals who are resident in the uk are allowed to make a certain amount of capital gains before they have to pay cgt.