# Finance Act 2021, Section 40: Annual exempt amount


Section 1L of TCGA 1992 (which provides for an increase in the annual exempt amount to reflect increases in CPI) does not apply for the tax years 2021-22 and 2022-23 (so that the annual exempt amount for each of those tax years remains at £12,300).

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Source: https://www.legislation.gov.uk/ukpga/2021/26/section/40 (the official version)
Page: https://openlegislation.uk/finance-act-2021/section-40
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.