Capital Gains Tax Allowance 2024/5

Capital Gains Tax Allowance 2024/5. 1 the individual’s personal allowance is reduced where their income is. Capital gains tax is a tax on the profit when you sell (or ‘dispose of’) something (an ‘asset’) that’s increased in value.

When the new tax year begins on 6 april 2024, both the. The simplest way to avoid capital gains tax is to regularly use your capital gains tax allowance (officially known as your annual exempt amount or.