Capital Gains Tax Allowance 2024/24 Ireland. For the 2024/25 tax year in england, wales and northern ireland, these are: The act provides for a number of measures announced at the spring budget 2024, including a reduction in the higher rate of cgt for gains on residential property from.
For the tax year 2024 to 2025 and subsequent tax years the aea will be permanently fixed at £3,000 for individuals and personal representatives, and £1,500 for most trustees. Cgt is only applicable to gains exceeding £3,000, and you’ll be liable to pay tax on gains when.