In the 2024 to 2025 tax 12 months, 163,000 taxpayers filed a CGT on UK Property return, reporting 183,000 disposals and £10.3bn features on residential property for a complete CGT legal responsibility of £2.2bn.
This represents will increase from the 2023 to 2024 tax 12 months of 28% for the variety of disposals, whereas features and liabilities reported by the service have elevated by 39% and 33% respectively.
These are the very best figures for the reason that introduction of the CGT on UK Property service in April 2020.
In the 2023 to 2024 tax 12 months, the entire CGT legal responsibility was £12.1 billion for 378,000 taxpayers, realised on £65.9bn of features.
Commenting on the figures Evelyn Partners managing director Jason Hollands mentioned: ‘These statistics reveal two telling factors. One is that though 87,000 further taxpayers had been drawn into CGT liabilities in 2023/24 as a result of reduce in the annual exempt allowance, general liabilities fell by 18%.
“Second, there was an enormous surge in CGT on residential property in 2024/25, with a outstanding 33% improve in liabilities as folks with funding or second properties offered up, with a 28% improve in disposals on the earlier 12 months. “
He added:‘This replace means that whereas some buyers have been deterred from crystallising features, there was a surge of property house owners in 2024/25 disposing of their buy-to-let or second houses, both for worry of additional CGT rises or due to circumstances in the BTL market, or each.”
