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  2. 3 days ago · the 20% rate of Capital Gains Tax that applies to gains accruing to trustees and personal representatives to 24% for disposals made on or after 30 October 2024. the 10% rate that applies to ...

    • If you pay higher rate Income Tax
    • If you pay basic rate Income Tax
    • If you’re a trustee or business

    If you’re a higher or additional rate taxpayer you’ll pay:

    •28% on your gains from residential property

    If you’re a basic rate taxpayer, the rate you pay depends on the size of your gain, your taxable income and whether your gain is from residential property or other assets.

    1.Work out how much taxable income you have - this is your income minus your Personal Allowance and any other Income Tax reliefs you’re entitled to.

    2.Work out your total taxable gains.

    3.Deduct your tax-free allowance from your total taxable gains.

    4.Add this amount to your taxable income.

    5.If this amount is within the basic Income Tax band you’ll pay 10% on your gains (or 18% on residential property). You’ll pay 20% (or 28% on residential property) on any amount above the basic tax rate.

    Trustees or personal representatives of someone who’s died pay:

    •28% on residential property

    •20% on other chargeable assets

    You’ll pay 10% if you’re a sole trader or partnership and your gains qualify for Business Asset Disposal Relief.

  3. 3 days ago · Capital gains tax increase on investments announced in 2024 Autumn Budget. Chancellor Rachel Reeves has announced hikes in the rates of capital gains tax (CGT) on assets, excluding residential property, in today's Autumn Budget. People who sell investments or possessions that have increased substantially in value will pay more in CGT.

  4. 2 days ago · Capital gains tax (CGT) is a tax on the profit made on the sale of valuables, which include second homes, art, jewellery, antiques stakes in a business and stocks and shares that aren’t owned through an ISA or PEP (which shield investors from tax).

  5. Jun 4, 2018 · 6 April 2024 to 29 October 2024. The following Capital Gains Tax rates apply: 10% and 20% for individuals (not including residential property gains and carried interest gains)

  6. 3 days ago · You need to input your income as this determines what rate you will pay on your gains. In 2024-25 basic-rate taxpayers are taxed at 10pc, while higher-rate taxpayers pay 20pc. From next April ...

  7. The rate of capital gains tax is 10%, where the total taxable gains and income is less than £37,700. Any excess gains are taxed at 20%. Where ‘Business Asset Disposal Relief’ (BADR) applies, the rate of tax on the whole gain is 10%, subject to a £1m lifetime allowance. We explain more about BADR further down in this article.