Capital Gains Tax Rates 2024 Uk In India. Labour has pledged not to hike taxes on working people, which would appear to rule out raising income tax, other social security and vat rates. In the uk, capital gains tax for residential property is charged at the rate of 24% where the total taxable gains and income are.

Major changes regarding taxation on capital gains were announced by finance minister nirmala sitharaman in union budget 2024. You pay a different rate of tax on gains from residential property than you do on other assets.