What are the current CGT rates on residential property sales in the UK for the 2024/2025 tax year, and how do I report and pay CGT to HMRC within the 60-day deadline, including if I'm not self-employed?
Quick Answer
In the 2024/2025 tax year, residential property CGT rates are 18% for basic rate and 24% for higher/additional rate taxpayers, with a £3,000 annual exemption.
About This Topic
Understand UK residential CGT rates (18%/24%) for 2024/2025, the £3,000 exemption, and how to report/pay CGT within 60 days to HMRC. Avoid penalties for property sales.
This question is part of our Tax & Accounting category, providing expert guidance on UK property investment.
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