If you're planning to sell a business, rental property, shares, or crypto in the near future, it’s time to pay attention to the new Capital Gains Tax (CGT) changes.

What Is Capital Gains Tax?

Capital Gains Tax is charged on the profit made when you sell an asset that’s increased in value.
This includes:

• Residential property
• Cryptocurrency
• Shares
• Business assets

Until recently, residential property was taxed at a higher rate, but that’s now aligned with a single CGT structure.

In this week’s Business Success Conversation, Michael and Lucy break down what’s changing and how those changes could seriously impact your tax bill.

New Capital Gains Tax Rates

• Basic rate taxpayers: 18%
• Higher rate taxpayers: 24%
  These rates apply to most types of assets now, including residential property.

But when it comes to selling your business, the rules are shifting even more dramatically.

💼 Business Asset Disposal Relief (BADR)

Historically, BADR allowed business owners to sell their company and only pay 10% tax on qualifying gains (up to £1 million).

That’s changing:

Example:

Selling your business for £1 million in 2024 = £100,000 tax
Selling in 2026 = £180,000 tax
That’s an £80,000 difference

60-Day Reporting Rule (Property)

If you sell a UK residential property and generate a CGT bill:

• You must file a Capital Gains Tax return within 60 days of the exchange of contracts, not completion
• You must pay the tax within that 60-day window

Many property sellers miss this deadline and face penalties.

What About Crypto?

Cryptocurrency disposals (such as selling, exchanging, or gifting) are also subject to CGT.
HMRC is actively increasing enforcement, and digital transactions are more traceable than ever.

Get the Business You Want

If you’re planning to sell a business or high-value asset, now’s the time to act.
Delays could cost you tens of thousands in additional tax.

Speak to us now and get your timing and strategy right.

Get in touch with Carthy Accountants today.
Helping you get the business you want.