United Kingdom Tax Agency Updates Guidance on Capital Gains Tax Rates, Allowances for 2026-2027

The United Kingdom HM Revenue and Customs April 6 updated a guidance on the capital gains tax rates and allowances for tax year 2026-2027. The updated guidance includes: 1) the unchanged capital gains tax annual exempt amount (AEA) limits of 3,000 British pounds (US$3,978) for individuals, personal representatives, and trustees for disabled individuals, and 1,500 pounds (US$1,989) for other trustees, with exceptions; and 2) capital gains tax rates of 18 percent and 24 percent for individuals, 24 percent for trustees and personal representatives of deceased individuals, and 18 percent for gains that qualify for Business Asset Disposal Relief and Investors’ ...