Capital taxes

Highlighting capital gains tax and inheritance tax.

Capital gains

The capital gains tax annual exempt amount will be reduced from £6,000 to £3,000 from April 2024.

Comment

It is estimated that around 570,000 individuals and trusts could be affected in 2024/25.

Inheritance tax

The inheritance tax nil-rate bands will stay fixed at their current levels until April 2028. The nil-rate band will continue at £325,000, the residence nil-rate band will continue at £175,000 and the residence nil-rate band taper will continue to start at £2 million.


© 2024 M J Accounting Services Ltd. All rights reserved.

We use cookies on this website, you can find more information about cookies here.
M J Accounting Services Ltd is Registered in England | Reg No : 11214220 | Reg Office as above