⭐️⭐️⭐️⭐️⭐️ Based On 100+ Google Reviews

  • 0161 962 1855
  • Book Your Free Consulation
  • Home
  • About Us
    • Our Team
    • Our Social Commitment
    • Working With Us
    • Careers
  • What We Do
    • Making Tax Digital
    • Annual Accounts
    • Bookkeeping
    • Business Consultancy
    • Business Growth
    • Cash Flow Forecasting
    • Capital Gains Tax
    • Corporate Tax
    • Financial Forecasting
    • Inheritance Tax
    • Online Accounting
    • Payroll
    • Personal Tax
    • Property Tax
    • R&D Tax Credits
    • Self Assessment
    • Tax
    • VAT
  • Sectors
    • Startup Accountants
    • Construction
    • Creative and Digital
    • Dentists
    • Ecommerce
    • Electricians
    • Hair Salons & Barbers
    • Hospitality
    • Influencers
    • Law Firms
    • Manufacturing
    • Medical Professionals
    • Personal Trainers
    • Plumbers
    • Retail
    • Small Businesses
  • Resources
    • Case Studies
    • Tax and Business News
    • Testimonials
  • Contact Us
  • Careers
  • Home
  • About Us
    • Our Team
    • Our Social Commitment
    • Working With Us
    • Careers
  • What We Do
    • Making Tax Digital
    • Annual Accounts
    • Bookkeeping
    • Business Consultancy
    • Business Growth
    • Cash Flow Forecasting
    • Capital Gains Tax
    • Corporate Tax
    • Financial Forecasting
    • Inheritance Tax
    • Online Accounting
    • Payroll
    • Personal Tax
    • Property Tax
    • R&D Tax Credits
    • Self Assessment
    • Tax
    • VAT
  • Sectors
    • Startup Accountants
    • Construction
    • Creative and Digital
    • Dentists
    • Ecommerce
    • Electricians
    • Hair Salons & Barbers
    • Hospitality
    • Influencers
    • Law Firms
    • Manufacturing
    • Medical Professionals
    • Personal Trainers
    • Plumbers
    • Retail
    • Small Businesses
  • Resources
    • Case Studies
    • Tax and Business News
    • Testimonials
  • Contact Us
  • Careers

Capital gains tax allowance – use it or lose it

  • Written by Katie
  • January 3, 2023
  • Business News

Capital gains tax allowance – use it or lose it

The Capital gains tax annual exempt amount reduces from £12,300 to just £6,000 for gains made in 2023/24. Remember that the 2022/23 allowance is lost if not used by 5 April 2023 and you might want to consider bringing forward disposals of chargeable assets where possible.

Where a married couple who are higher rate taxpayers own a buy to let property, bringing forward the disposal from 2023/24 could potentially save £3,528 CGT (£24,600 – £12,000 @ 28%). It would be important to exchange contracts before 6 April 2023 as that is the critical date for Capital gains tax.

Need more information?

Do you need further guidance with the Capital gains tax allowance? We offer a wide range of services which are unique to your businesses who are just getting going! Our team of chartered accountants have a wealth of experience in a broad range of sectors, from construction and property to the charity sector. Our team work hard to ensure they create smart and effective tax-efficient solutions for start-ups to optimise growth and help them succeed. If you want to learn more about how the team can help or simply want some start-up advice from a trusted accountant do hesitate to contact us. For more information please do hesitate to contact us on 0161 962 1855. Alternatively you can email us using the form below and we will contact you as soon as possible.

Our fantastic team at A&C Chartered Accountants are here to help.

Contact us below

Fields marked with an * are required





    Recent Posts

    It’s P11D Season! Here’s What Employers Need to Know for 2024/25

    June 9, 2025

    New Advisory Fuel Rates from 1 June 2025

    June 7, 2025

    Employment-Related Securities Returns: Deadline 6 July 2025

    June 4, 2025

    HMRC Spring Update 2025: Key Tax Changes for Employers and the Self-Employed

    June 2, 2025

    Need Help?

    Book a Free Consultation
    PrevPrevious PostNew VAT penalties for late returns
    Next PostNew Year’s resolutions to save taxNext

    A&C Chartered Accountants is the leading independent accounting firm in Manchester, providing accounting and business advisory to startups, sole traders and SMEs.

    Facebook-f Linkedin Instagram Youtube

    Useful Links

    • About Us
    • Services
    • Testimonials
    • Contact Us
    • Privacy
    • Cookies
    • About Us
    • Services
    • Testimonials
    • Contact Us
    • Privacy
    • Cookies

    Get In Touch

    • info@ac-accounts.co.uk
    • 0161 962 1855
    • Manchester City Centre: 53 King Street, Manchester, M2 4LQ
    • Sale, Cheshire: 1A Marsland Road, Sale, Cheshire, M33 3HP
    Xero Platinum Partner Logo
    ICAEW Chartered Accountant Badge
    SME Climate Hub Committed Badge
    Good Business Charter Accreditation Badge

    A&C Chartered Accountants © All Rights Reserved 2024 | Company Registered in England & Wales No: 06272442 | VAT Registration No: 910327267