In the 2024 to 2025 tax yr, 163,000 taxpayers filed a CGT on UK Property return, reporting 183,000 disposals and £10.3bn beneficial properties on residential property for a complete CGT legal responsibility of £2.2bn.
This represents will increase from the 2023 to 2024 tax yr of 28% for the variety of disposals, whereas beneficial properties and liabilities reported by the service have elevated by 39% and 33% respectively.
These are the best figures for the reason that introduction of the CGT on UK Property service in April 2020.
In the 2023 to 2024 tax yr, the overall CGT legal responsibility was £12.1 billion for 378,000 taxpayers, realised on £65.9bn of beneficial properties.
Commenting on the figures Evelyn Partners managing director Jason Hollands stated: ‘These statistics reveal two telling factors. One is that though 87,000 extra taxpayers had been drawn into CGT liabilities in 2023/24 due to the minimize within 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% enhance in liabilities as folks with funding or second properties offered up, with a 28% enhance in disposals on the earlier yr. “
He added:‘This replace means that whereas some traders have been deterred from crystallising beneficial properties, 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 within the BTL market, or each.”
