{
  "url": "https://openlegislation.uk/finance-no-2-act-2024/section-6",
  "json_url": "https://openlegislation.uk/finance-no-2-act-2024/section-6.json",
  "legislation": "ukpga/2024/12",
  "legislation_title": "Finance (No. 2) Act 2024",
  "legislation_url": "https://openlegislation.uk/finance-no-2-act-2024",
  "path": "section/6",
  "kind": "section",
  "number": "6",
  "heading": "Reduction in higher CGT rate for residential property gains to 24%",
  "text": "(1) In section 1H of TCGA 1992 (the main rates of CGT)—\n(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(b) in subsection (2), omit paragraph (a) together with the “or” at the end of the paragraph,\n(c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(d) in subsection (5), omit paragraph (a) together with the “or” at the end of the paragraph, and\n(e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(2) In section 1I of that Act (income taxed at higher rates or gains exceeding unused basic rate band)—\n(a) in subsection (1)—\n(i) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(ii) in that paragraph, omit “residential property gains or”,\n(b) in subsection (2), in the words after paragraph (b)—\n(i) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(ii) omit “residential property gains or”,\n(c) in subsection (5)—\n(i) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(ii) in that paragraph, omit “residential property gains or”, and\n(d) in subsection (9)—\n(i) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(ii) in that paragraph, omit “residential property gains or”.\n(3) The amendments made by this section have effect in relation to disposals made on or after 6 April 2024.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "S. 6(1)(a) omitted (with effect in accordance with s. 7(3) of the amending Act) by virtue of Finance Act 2025 (c. 8), s. 7(3), Sch. 1 para. 10(a) (with Sch. 2 Pts. 1, 2)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "S. 6(1)(c) omitted (with effect in accordance with s. 7(3) of the amending Act) by virtue of Finance Act 2025 (c. 8), s. 7(3), Sch. 1 para. 10(a) (with Sch. 2 Pts. 1, 2)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "S. 6(1)(e) omitted (with effect in accordance with s. 7(3) of the amending Act) by virtue of Finance Act 2025 (c. 8), s. 7(3), Sch. 1 para. 10(a) (with Sch. 2 Pts. 1, 2)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "S. 6(2)(a)(i) omitted (with effect in accordance with s. 7(3) of the amending Act) by virtue of Finance Act 2025 (c. 8), s. 7(3), Sch. 1 para. 10(b) (with Sch. 2 Pts. 1, 2)"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "S. 6(2)(b)(i) omitted (with effect in accordance with s. 7(3) of the amending Act) by virtue of Finance Act 2025 (c. 8), s. 7(3), Sch. 1 para. 10(b) (with Sch. 2 Pts. 1, 2)"
    },
    {
      "type": "F",
      "label": "F6",
      "text": "S. 6(2)(c)(i) omitted (with effect in accordance with s. 7(3) of the amending Act) by virtue of Finance Act 2025 (c. 8), s. 7(3), Sch. 1 para. 10(b) (with Sch. 2 Pts. 1, 2)"
    },
    {
      "type": "F",
      "label": "F7",
      "text": "S. 6(2)(d)(i) omitted (with effect in accordance with s. 7(3) of the amending Act) by virtue of Finance Act 2025 (c. 8), s. 7(3), Sch. 1 para. 10(b) (with Sch. 2 Pts. 1, 2)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2024/12/section/6",
    "retrieved_at": "2026-10-29T08:48:21.464202+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}