Capital Gains Tax Free Allowance 2024/25
Capital Gains Tax Free Allowance 2024/25. This allowance resets every tax year. When you earn more than £3,000.
The first reduction in the 2023/24 tax year took the annual exempt amount (aea) down to £6000 for individuals and £3000 for most trustees. This allowance is essentially the amount of profit you can make (minus certain costs) from selling assets, such as investments or a property you let out, before you have to pay capital gains tax.