Capital Gains Tax Rates 2024/5 5 Lakhs

Capital Gains Tax Rates 2024/5 5 Lakhs. Capital gains tax is a tax on the profit when you sell (or ‘dispose of’) something (an ‘asset’) that’s increased in value. The rate of capital gains tax is 10%, where the total taxable gains and income is less than £37,700.


Capital Gains Tax Rates 2024/5 5 Lakhs

The government has announced that the higher rate of capital gains tax on gains from residential property will be reduced from 28% to 24% for gains accruing on or after 6. That’s up from $44,625 this year.

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