Capital Gains Tax 2024/5

Capital Gains Tax 2024/5. Capital gains tax is a tax on the profit when you sell (or ‘dispose of’) something (an ‘asset’) that’s increased in value. This measure changes the capital gains tax ( cgt) annual exempt amount ( aea ).

The tax you are liable for when selling shares and funds is called capital gains tax. You declare anything you’ve earned from selling an asset (over a certain threshold) via a tax return.