Capital Gains Tax Rate 2024 Uk. Unlike now, where your cgt rate is determined by adding together your income and capital gains, the rate would be based solely on your gains; Capital gains tax (cgt) is a tax on the profit you make when you sell certain assets such as second homes, when they increase in value during the time that you owned them.

Firstly, they suggested that the reform of capital gains tax is important whether or not it raises additional revenue because the existing system is unfair in itself. 10% for the basic rate of cgt, and.