Capital Gains Tax changes from 6th April 2023

The annual exempt amount – the amount of capital gains you can make before incurring tax – will be reduced to £6,000. From 6th April 2023 it will reduce again to £3000.

  • Gains over that £6,000 threshold are taxed at 10% if you pay basic-rate tax or 20% if you are a higher-rate taxpayer.
  • Capital gains from property (if it is not your main residence) are charged at the higher rates of 18% and 28% respectively.

Our Reviews

Have any more questions?

Do you have any questions that we haven’t answered on this page? Click the button below or fill out the form to receive a consultation with one of our professionals.

Get Your Consultation