Capital Gains Tax (CGT) Exemption Allowance

Following the recent Budget announcements we are pleased to see that the CGT exemption allowance will remain at current levels until April 2026. A cut to the allowance would have had a detrimental impact on Share Plans such as SAYE, so it is fantastic news that the allowance will remain at £12,300 for individuals and personal representatives and £6,150 for trustees of settlements.

A big well done to both ProShare and the ESOP Centre for raising the industry’s concerns with the Government.

The full policy paper on the CGT exemption allowance can be found here.