Capital Gains Tax Allowance 2024 2024. When your other taxable income (after deductions) plus your qualified dividends. For the 2024 to 2025 tax year the allowance is £3,000, which leaves £9,600 to pay tax on.
You’ll pay a tax rate of 0%, 15% or 20% on gains from the sale of most assets or investments held for more than one year. Generally speaking, holding onto an asset for more than a year before selling results in a more favorable tax rate of 0% to 20%, whereas assets sold within a.