Uk Capital Gains Tax Threshold 2024/25. Capital gains tax is a tax on the profit when you sell (or ‘dispose of’) something (an ‘asset’) that’s increased in value. Crypto investors urged to review tax obligations as hmrc sends ‘nudge letters’.

This is a 50% reduction on the allowance available in the previous tax year. If the property had been mr mehta’s main residence throughout his ownership, prr would cover the entire gain, and no cgt would be due.