Скачать с ютуб UK Capital Gains Tax (CGT) Rates at 24%: How Will It Impact You? в хорошем качестве

UK Capital Gains Tax (CGT) Rates at 24%: How Will It Impact You?

#CapitalGainsTax #UKTaxes #CGT2024 #TaxPlanning #UKPropertyTax #InvestmentTaxUK Property Tax Website: https://www.optimiseaccountants.co.uk/ Free Updated Property Tax eBook: https://survey.zohopublic.com/zs/qhCNLB YouTube Channel:    / @uk-property-tax-accountants   Free eBook to download: https://survey.zohopublic.com/zs/qhCNLB Moving to Spain Website: https://movingtospainfromtheuk.co.uk/ YouTube Channel:    / Канал   US & UK Expat International Taxes Website: https://internationaltaxesadvice.com/ YouTube Channel:    / @simonmisiewiczsexpattaxtips   Capital Gains Tax Changes in 2024 and 2025: What You Need to Know The UK government has introduced sweeping changes to Capital Gains Tax (CGT) in the Labour Party's Autumn Budget. Starting in 2024, the basic CGT rate will rise to 18%, and the higher rate to 24%. These changes will impact all asset classes, including shares, cryptocurrency, and residential property, as the government moves to equalize rates across asset categories. To put these changes into perspective: For a basic rate taxpayer, selling an investment property with a gain of £50,000 in 2023 would incur CGT of £7,500 (15%). In 2024, this increases to £9,000 (18%). For a higher rate taxpayer, the same gain would previously attract £14,000 in tax (28%) but will now be £12,000 (24%). This change reflects Labour's intention to simplify tax bands while generating more revenue for public services. However, it places significant emphasis on careful tax planning to minimize liabilities. The annual CGT exemption, reduced to £3,000 for 2024 (from £6,000 in 2023), further adds to the complexity. Investors and property owners must consider strategies like using ISAs or transferring assets to spouses to optimize tax efficiency. These changes particularly affect landlords and second-home owners, who previously faced higher rates on residential property gains. Now, the rates are the same for all assets, removing what many considered an unfair penalty on property investments. If you’re planning to sell an asset in the coming years, you need to understand how these changes will affect you. Speak to a tax advisor or explore resources like the HMRC CGT manual (HMRC CGT Rates).