Capital Gains Tax Rates 2024/25. Capital gains tax (cgt) is one of the least common taxes on income, and for many it won't apply. 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.
You’ll then need to file and pay your capital gains tax bill by 31st january each tax year. The spring budget did, however, reveal that the higher rate of cgt allowance 2024/25 on uk residential property disposal would drop from 28% to 24%.