Capital Gains Tax Rate 2024 Home Sale 2024. You’ll pay a tax rate of 0%, 15% or 20% on gains from the sale of most assets or investments held for more than one year. This section tells you how to report taxable gain, take deductions relating to your home sale, and report income other than the gain that you may have received from your home sale.
Because the combined amount of £29,600 is less than £37,700 (the basic rate band for the 2024 to 2025 tax year), you pay capital gains tax at 10%. How much you owe depends on your annual taxable income.
Capital Gains Tax Rate 2024 Home Sale 2024 Images References :