CGT TAX CHANGES 2023 & 2024
As you may know, everyone benefits from an annual tax free allowance on all Capital Gains, called ANNUAL EXEMPTION.
Currently worth £12300 p.a.
- APRIL 2023, THIS IS BEING CUT TO £6000 per person p.a. (Increasing tax by £1134-1764 per person).
- APRIL 2024, THIS IS BEING CUT TO £3000 per person p.a (Increasing tax by £540-840 per person).
Another stealthy way of collecting tax - ouch!