Capital Gains Tax Allowance 2024/5

Capital Gains Tax Allowance 2024/5. These changes aim to balance the tax burden among taxpayers, ensuring that those with higher gains contribute proportionately to the public coffers. 4 april 2024 | 5 minute read.

Here’s how you can avoid paying capital gains or dividend tax in the new tax year. Capital gains tax is a tax on the profit when you sell (or ‘dispose of’) something (an ‘asset’) that’s increased in value.