Capital Gains Tax 2024/25. Major changes regarding taxation on capital gains were announced by finance minister nirmala sitharaman in union budget 2024. This allowance is essentially the amount of profit you can make (minus certain costs) from selling assets, such as investments or a property you let out, before.
This measure changes the capital gains tax (cgt) annual exempt amount (aea). In their march 2024 economic and fiscal outlook (efo), the obr estimate that the cut in capital gains tax payable on residential property gains increases property transactions by.
