Capital taxes Capital gainsThe capital gains tax annual exempt amount will be reduced from £6,000 to £3,000 from April 2024.CommentIt is estimated that around 570,000 individuals and trusts could be affected in 2024/25.Inheritance taxThe inheritance tax nil-rate bands will stay fixed at their current levels until April 2028. The nil-rate band will continue at £325,000, the residence nil-rate band will continue at £175,000 and the residence nil-rate band taper will continue to start at £2 million.