Capital Gains Tax 2024 Allowance Uk. Previously standing at £12,300 per year, it was reduced by more than half. Ofwat has proposed water bills can only rise an average 21%.
From 1988/89 to 2020/21 the annual capital gains tax allowance gradually increased from £5,000 to £12,300, where it remained until the end of 2022/23. Gains tax when you sell an asset if your total taxable gains are above your annual capital gains tax allowance.