Capital Gains Tax 2024/5

Capital Gains Tax 2024/5. Add this to your taxable income. Tax when you sell property.

The good news is, individuals are entitled to a capital gains tax allowance each tax year, which allows you to keep a set amount to yourself without having to pay any tax on it. The capital gains tax allowance for the 2023/24 tax year has decreased by more than 50% from its 2022/23.