Capital Gains Tax: Individuals and Trustees

2024-25

2023-24

Annual exempt amount

Individuals

£3,000

£6,000

Trusts

£1,500

£3,000

Rates

Standard rate taxpayers

10%

10%

Higher rate taxpayers / Trustees

20%

20%

Business Asset Disposal Relief Rate lifetime limit

£1,000,000

£1,000,000

Business Asset Disposal Relief Rate 

10%

10%

Investors' relief lifetime limit

£10,000,000

£10,000,000

Investors' relief rate 10% 10%

* A higher rate of CGT on residential property gains applies at the rate of 24% (2023-24: 28%) for higher rate taxpayers as well as for trustees and personal representatives. There is a lower rate of 18% (2023-24: 18%) for basic rate taxpayers.

The 18% and 28% rates of CGT that have historically applied to gains in respect of carried interest (the share of profits or gains that is paid to asset managers) remain unchanged in the current tax year.

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