Capital Gains Tax Annual Exemption 2024/25. However, when dealing specifically with residential. From 6 april 2023, the annual exempt amount for capital gains has been reduced from £12,300 to £6,000, meaning more taxpayers will be required to pay tax on the disposal.

The annual exemption for 2023/24 is £6,000, however, as announced in the november 2022 budget it will reduce to £3,000. For the 2023/24 tax year, the annual exempt amount was cut from £12,300 to £6,000,.