Capital Gains Tax 2024/5 5 Year Rule. By reducing the annual exempt amount, the governments estimates that for the year 2023 to 2024 around 500,000 individuals and trusts per year could be affected,. A guide to capital gains tax (cgt) for individuals and entities with complex cgt obligations.

What is the capital gains tax? How to complete the capital gains tax section of your entity’s tax return and the cgt schedule, if required.