Capital Gains Tax 2024/5 5 Lakhs. The capital gains tax rates 2024 changes will materially impact net gains when divesting property assets, especially for higher earners. 20% rate is charged if your income is above the ยฃ50,270 threshold, increasing to 24% for residential.
Careful planning around disposals before the tax rise is advisable. The changes in tax rates could be as follows: