Capital Gains Tax 2024 Uk Rate. Capital gains tax is a tax on the profit when you sell (or ‘dispose of’) something (an ‘asset’) that’s increased in value. In their march 2024 economic and fiscal outlook (efo), the obr estimate that the cut in capital gains tax payable on residential property gains increases property transactions.

For the 2022/23 tax year, the rates for capital gains tax on residential property are 18% for basic rate taxpayers. In this article we explai n how it works in.