# UK CGT rate changes in current tax year

**URL:** <https://discuss.koinly.io/t/uk-cgt-rate-changes-in-current-tax-year/22832>\
**Category:** Tax Questions\
**Created:** [November 6, 2024, 9:02am UTC](https://discuss.koinly.io/t/uk-cgt-rate-changes-in-current-tax-year/22832 "2024-11-06T09:02:51Z")\
**Posts on this page:** 5\
**Page:** 1

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**Author:** ![lykoin](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/lykoin/32/12576_2.png) [@lykoin](https://discuss.koinly.io/u/lykoin)\
**Post date:** [November 6, 2024, 9:02am UTC](https://discuss.koinly.io/t/uk-cgt-rate-changes-in-current-tax-year/22832/1 "2024-11-06T09:02:52Z")

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The UK has changed the CGT rates from 10% and 20% to 18% and 24% starting  
October 30th 2024.  
Will the Koinly software automatically work out the CGT owed to HMRC at the changed rates and date as this change is applied half way through the current tax year?

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**Author:** ![Aria\_Koinly](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/aria_koinly/32/9150_2.png) [@Aria\_Koinly](https://discuss.koinly.io/u/Aria_Koinly)\
**Post date:** [November 6, 2024, 5:00pm UTC](https://discuss.koinly.io/t/uk-cgt-rate-changes-in-current-tax-year/22832/2 "2024-11-06T17:00:01Z")

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Hi @lykoin

I should first mention that the reports you generate in Koinly only show your Capital Gains P&L and the tax rates (20%, 24%…) need to be added by you at the time of filing your taxes.

With that being said, you can technically create reports with custom dates one from the 6th April 2024 to the 29th October 2024 and another from the 30th October 2024 to the 5th April 2025 and then apply the rates to the CGT separately.

With that being said, It isn’t really possible for us to know how this will be laid out on HMRC’s filing website until they open for filing in April, but we will implement the necessary adjustments as soon as we can.

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**Author:** ![lykoin](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/lykoin/32/12576_2.png) [@lykoin](https://discuss.koinly.io/u/lykoin)\
**Post date:** [November 7, 2024, 2:48pm UTC](https://discuss.koinly.io/t/uk-cgt-rate-changes-in-current-tax-year/22832/3 "2024-11-07T14:48:06Z")

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Hi Aria,

I see, thanks for the detailed reply.

It has complicated things with HMRC changing the rates mid tax year.

We will know more after April 2025 on what HMRC expect from us and how to file the taxes owed correctly.

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**Author:** ![Aria\_Koinly](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/aria_koinly/32/9150_2.png) [@Aria\_Koinly](https://discuss.koinly.io/u/Aria_Koinly)\
**Post date:** [November 7, 2024, 3:18pm UTC](https://discuss.koinly.io/t/uk-cgt-rate-changes-in-current-tax-year/22832/4 "2024-11-07T15:18:00Z")

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You are very welcome!

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**Author:** ![system](https://canada1.discourse-cdn.com/flex052/uploads/koinly_app/original/1X/7ac58e5593a7122893d066794a7254dcdb5ddb31.png) [@system](https://discuss.koinly.io/u/system)\
**Post date:** [January 6, 2025, 3:18pm UTC](https://discuss.koinly.io/t/uk-cgt-rate-changes-in-current-tax-year/22832/5 "2025-01-06T15:18:36Z")

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