Capital Gains Tax 2024/25 2024ona. The finance (no.2) bill, 2024, has introduced significant changes to the taxation of capital gains, aimed at simplifying and rationalising the system. The central board of direct taxes (cbdt) has issued frequently asked questions (faqs) dated 24 july 2024, clarifying certain points in relation to the capital.
For the 2024 to 2025 tax year the allowance is ยฃ3,000, which leaves ยฃ9,600 to pay tax on. The good news is, individuals are entitled to a capital gains tax allowance each tax year, which allows you to keep a set amount to yourself without having to pay any tax on it.
Capital Gains Tax 2024/25 2024ona Images References :