Tax Rates 2023/24
Capital Gains Tax
|Annual exemption amount|
|Individual (to basic rate limit)*||10%||10%|
|Individual (above basic rate limit)*||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.