Capital Gains Tax 2024/5 5 Years

Capital Gains Tax 2024/5 5 Years. Capital gains tax is a tax on the profit when you sell (or ‘dispose of’) something (an ‘asset’) that’s increased in value. Your 2024 capital gains bill will depend on 4 main things.

Capital gains tax is a tax on the profit when you sell (or ‘dispose of’) something (an ‘asset’) that’s increased in value. These changes aim to balance the tax burden among taxpayers, ensuring that those with higher gains contribute proportionately to the public coffers.