Capital Gains Tax Annual Exemption 2024/25. It is a valuable exemption. The chancellor has confirmed that the capital gains tax (cgt) annual exempt amount will be reduced from £12,300 to £6,000 from 6 april 2023 and to £3,000 from 6 april 2024.
The capital gains tax annual exempt amount provides uk taxpayers with an exemption from liability to the tax on gains of up to £12,300 in the current tax year; For the 2024 to 2025 tax year the allowance is £3,000, which leaves £9,600 to pay tax on.
