Capital Gains Tax
| 2024/25 | 2023/24 | |
|---|---|---|
| Annual exemption amount | ||
| Individuals, estates | £3,000 | £6,000 |
| Most trusts | 1,500 | 3,000 |
| Tax rate | ||
| Individual up to Basic Rate Limit (BRL) | ||
| – Residential property and carried interest | 18% | 18% |
| – Other assets | 10% | 10% |
| Individual above BRL, trusts and estates | ||
| – Residential property | 24% | 28% |
| – Carried interest | 28% | 28% |
| – Other assets | 20% | 20% |
| Business Asset Disposal Relief (BADR)** | 10% | 10% |
*BADR is available on qualifying gains up to a lifetime limit of £1 million.