Capital Gains Tax 2024/5 5th

Capital Gains Tax 2024/5 5th. Enter the purchase and sale details of your assets along with tax reliefs and our capital gains tax calculator will work out your tax bill including all tax rates and allowances. The allowance is set to be reduced further to £3,000 in april 2024.

Any excess gains are taxed at 20%. Where ‘business asset disposal relief’ (badr) applies, the rate of tax on the whole gain is 10%, subject to a £1m lifetime allowance.