I'm considering selling one of my buy-to-let properties soon. What are the current UK Capital Gains Tax rates for property, and what is the current annual exempt amount I need to factor in for the 2024/25 tax year?
Quick Answer
For UK residential property, CGT is 18% for basic rate taxpayers and 24% for higher/additional rate taxpayers, with an annual exempt allowance of £3,000 for the 2024/25 tax year.
About This Topic
Understand current UK Capital Gains Tax rates (18%/24%) and the £3,000 annual exempt amount for 2024/25 on residential property sales. Crucial for buy-to-let landlords.
This question is part of our Tax & Accounting category, providing expert guidance on UK property investment.
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