Capital Gains Tax Rates 2024/25. Capital gains tax (cgt) cgt is charged on any profits (the 'gains') you make when you sell (or transfer) shares and unit trusts, or other assets such as a second home. This is a significant drop.

For the 2024 to 2025 tax year the allowance is £3,000, which leaves £9,600 to pay tax on. 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.