Capital Gains Tax Rate 2024 Home Sale Of Property. The capital gains tax is calculated based on the profit from the sale, taking into account the property’s adjusted basis. Speculation suggests that capital gains tax rates could be aligned with income tax bands, essentially doubling the amount of capital gains tax being generated,.

Cgt is only paid by about 350,000 people each year but it is a tax that can leap up and bite you unexpectedly. Explore the impact of budget 2024 on real estate capital gains taxation.