The annual exempt amount – the amount of capital gains you can make before incurring tax – will reduce 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.