UK 2028 Capital Gains Tax
UK 2028-29 CGT: AEA £3,000. Basic rate 18% on residential, 18% on other. Higher rate 24% all assets. Business Asset Disposal Relief 14% (up from 10% from April 2025).
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UK 2028-29 Capital Gains Tax keeps the unified rates announced Oct 2024 Budget: 18% basic rate, 24% higher rate — same across residential property and other assets (previously differentiated). Annual Exempt Amount £3,000 (down 80% from £12,300 in 2022-23). BADR rate rose from 10% to 14% from April 2025.
AEA Cut to £3,000
The Capital Gains Tax annual exempt amount has been cut dramatically: £12,300 (2022-23) → £6,000 (2023-24) → £3,000 (2024-25 onwards). Many more taxpayers now liable for CGT on disposals previously below threshold. Plan around AEA — split disposals across years or to spouse.
Unified Rates Oct 2024
Budget Oct 2024 unified residential + non-residential CGT rates: 18% basic, 24% higher. Previously residential 24%/28%, other 10%/20%. Most taxpayers see lower rates on residential, higher on shares.
BADR Rate Rising
Business Asset Disposal Relief (formerly Entrepreneurs' Relief) rose: 10% → 14% (April 2025) → 18% (April 2026 expected). Lifetime cap remains £1m of qualifying gains. Exit planning: time disposals before rate increases if possible.
Real Estate 60-Day Rule
UK residential property gain: report + pay CGT within 60 days of completion via gov.uk online tool. Late penalty £100 + interest. Different from self-assessment timeline (Jan 31 following tax year).
Last updated May 2026. Sources: HMRC CGT.