Capital Gains Tax Allowance 2024/24 Ireland

Capital Gains Tax Allowance 2024/24 Ireland. The simplest way to avoid capital gains tax is to regularly use your capital gains tax allowance (officially known as your annual exempt amount or aea). Each tax year, most individuals who are resident in the uk are allowed to make a certain amount of capital gains before they have to pay cgt.

The chancellor has confirmed that the capital gains tax (cgt) annual exempt amount will be reduced from £12,300 to £6,000 from 6 april 2023 and to £3,000 from 6 april 2024. The simplest way to avoid capital gains tax is to regularly use your capital gains tax allowance (officially known as your annual exempt amount or aea).