Capital Gains Tax 2024/25 2024ona

Capital Gains Tax 2024/25 2024ona. Capital gains tax, or cgt, is a tax on the profit when you sell (or dispose of) an asset that has increased in value, such as a property, a stock or a share. Removes indexation, lowers tax to 12.5%, changes holding period to 24 months.

Add on the taxable amount of £12,000. The central board of direct taxes (cbdt) has issued frequently asked questions (faqs) dated 24 july 2024, clarifying certain points in relation to the capital.