Capital Gains Tax 2024/5 5 Years. If you’re acting as an executor or personal representative for a deceased person’s estate, you may get the full annual exempt amount during the administration period. For the tax year 2023 to 2024 the aea will be £6,000 for individuals and personal representatives, and £3,000 for most trustees.

The act provides for a number of measures announced at the spring budget 2024, including a reduction in the higher rate of cgt for gains on residential property from. A capital gains tax is a tax imposed on the sale of an asset.