Capital Gains Tax Rate 2024/25 202425

Capital Gains Tax Rate 2024/25 202425. Tax brackets for the 2024/25 tax year are updated below, following the budget on 6 march 2024. Discover the complexities of capital gains tax rates and how inflation plays a role.

For 2024/25, the higher rate of property capital gains tax will be reduced from 28% to 24%, chancellor jeremy hunt announced in his budget of 6 th march. In practice, the lifetime capital gains exemption is provided in the form of a deduction when calculating an individual’s taxable income.