Capital taxes

Capital gains

The capital gains tax annual exempt amount will be reduced from £6,000 to £3,000 from April 2024.

Comment

It is estimated that around 570,000 individuals and trusts could be affected in 2024/25.

Inheritance tax

The inheritance tax nil-rate bands will stay fixed at their current levels until April 2028. The nil-rate band will continue at £325,000, the residence nil-rate band will continue at £175,000 and the residence nil-rate band taper will continue to start at £2 million.

Hitchin Office

Jones Hunt Keelings, 71 Knowl Piece, Wilbury Way, Hitchin, Hertfordshire SG4 0TY

01462 459090

Hatfield Office

Jones Hunt Keelings, Broad House, 1 The Broadway, Old Hatfield, Hertfordshire AL9 5BG

01707 258844

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