Keith Harris
Joined: 10/31/2024
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CGT Tax Rates and CGT Annual Exempt Amount for transactions before and after 30/10/2024
CGT Tax Rates for share disposals changed on 30/10/2024 for Basic Rate Tax Payers from 10% to 18%. If someone makes a £3000 gain before 30/10/2024 and another £3000 gain after 30/10/2024 in same tax year on selling shares - how much CGT do they pay? If £3000 annual allowance is taken from first transaction they pay £3000*18% on second transaction only, i.e. £540 or If £3000 annual allowance is taken from second transaction they pay £3000*10% on first transaction only, i.e. £300 Which is it or is it something else?