CGT liabilities surged 89% in 2024-25 tax year as Budget changes hit

The total amount of gains reported was £127bn, an 82% increase from the previous year. London and the southeast of England accounted for around half of total gains (49%) and CGT liability (50%). HMRC stated the increase to the main rates of CGT midway through the 2024 to 2025 tax year, consecutive yearly reductions to the Annual Exempt Amount (AEA, the tax-free allowance for CGT), the announcement that Business Asset Disposal Relief (BADR) rate would increase from April 2025, and speculation around increases in CGT rates before Autumn Budget 2024 all contributed to this increase.  ...