Tax Rates 2024/25
Spring Statement

Capital Gains Tax

  2024/25 2023/24
Annual exemption amount
Individuals, estates £3,000 £6,000
Most trusts 1,500 3,000
Tax rate
Individual up to Basic Rate Limit (BRL)
– Residential property and carried interest 18% 18%
– Other assets 10% 10%
Individual above BRL, trusts and estates
– Residential property 24% 28%
– Carried interest 28% 28%
– Other assets 20% 20%
Business Asset Disposal Relief (BADR)** 10% 10%

*Individuals are taxed at 18%/28% on gains on residential property and receipts of carried interest. Trusts and estates are taxed at 28% in these circumstances.

**BADR is available on qualifying gains of up to £1m.