Capital Gains Tax Rate 2024 Uk 2024. 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 higher rate of capital gains tax on property has been cut.
Capital gains tax may be applied if the value has risen since the person died, and the gain is above the allowance (now £3,000 per person for the 2024/25 tax year,. Cgt is currently charged at 10% at the basic rate and 20% the higher rate.