Capital Gains Tax Allowance
2022/23, 2023/24, 2024/25 & Other Tax Years
The annual capital gains tax allowance (also known as the annual CGT exemption) is as follows:
- 2015/16 - £11,100
- 2016/17 - £11,100
- 2017/18 - £11,300
- 2018/19 - £11,700
- 2019/20 - £12,000
- 2020/21 - £12,300
- 2021/22 - £12,300
- 2022/23 - £12,300
- 2023/24 - £6,000
- 2024/25 - £3,000
If you are interested in property capital gains tax, here at Taxcafe we publish a popular guide on the subject called How to Save Property Tax. We've been publishing this guide for over 20 years now. The author, Carl Bayley FCA, was Chairman of the Tax Faculty at the Institute of Chartered Accountants in England and Wales (ICAEW) from 2015 to 2018 and served as a member of the institute's governing council for almost 20 years between 2003 and 2023.
Apart from the annual capital gains tax allowance, there are lots of other important CGT reliefs and exemptions and these are fully covered in the guide.
Every important point is illustrated with an example and there are numerous tax planning pointers.
Apart from capital gains tax planning and the annual capital gains tax allowance, How to Save Property Tax also covers rental income tax planning and stamp duty land tax.
The information contained in this article on the annual capital gains tax allowance is covered in detail in our popular tax guide:How to Save Property Tax by Carl Bayley
This unique and comprehensive guide is essential reading if you want to protect your property income & capital gains from the taxman.
