Capital Gains Tax Rate 2024/25

Capital Gains Tax Rate 2024/25. What are the major changes brought about in the taxation of capital gains by the finance (no.2) bill, 2024? The higher rate of capital gains tax on property has been cut.

For the current tax year (2024/25), the cgt allowance is £3,000. Usually not pay cgt when you sell your main house, but you will pay it if you sell a second property or main house if you have rented it out, used it for business,.