Capital Gains Tax 2024 Uk Tax. Due to the reduction, in april 2024, more than a quarter of a million more individuals. Cgt is a tax charged if you sell, give away, exchange or otherwise dispose of an asset and make a profit or 'gain'.

The good news is, individuals are entitled to a capital gains tax allowance each tax year, which allows you to keep a set amount to yourself without having to pay any tax on it. This measure changes the capital gains tax (cgt) annual exempt amount (aea).