What are the autumn 2022 budget changes for much Capital Gains Tax and CGT exemption levels?
The capital gains tax reduction from April 2023 will bring the annual exemption to 6,000 from the present 12,300. It will further reduce to 3,000 from April 2024 onwards. Indexation naturally still applies. Pundits argue some will consider selling land and property assets now. CGT for rented property continues to be 28 percent compared to 18 percent for other assets.