Current Long Term Capital Gains Tax Rate 2024 Uk

Current Long Term Capital Gains Tax Rate 2024 Uk. 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. The u.k.'s opposition labour party won a huge parliamentary majority in the country's general election, unseating the incumbent conservatives after 14 years.

For the current tax year (2024/25), the cgt allowance is £3,000. What capital gains tax (cgt) is, how to work it out, current cgt rates and how to pay.