WebTaxes on capital gains for the 2024/2024 tax year are as follows: A 10% tax rate on your entire capital gain if your total annual income is less than £50,270. Your entire capital gain will be taxed at a rate of 20% (or 28% in the case of the residential property), provided your yearly income exceeds £50,270. Individuals are allowed to deduct ... WebOverview. Capital Gains Tax is a tax on the profit when you sell (or ‘dispose of’) something (an ‘asset’) that’s increased in value. It’s the gain you make that’s taxed, not the ...
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How to reduce your Capital Gains Tax bill
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