Capital Gains Tax Rate 2024 Uk. For the 2022/23 tax year, the rates for capital gains tax on residential property are 18% for basic rate taxpayers. You pay no cgt on the first £3,000 that you make.

You only pay tax on any gain over your allowance each tax year. 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 april 2024.