RE: Capital Gains relief halved17 Nov 2022 14:08
If you do receive dividends, the new tax free allowance will now be £1,000 rather than £2,000 from next year, and then down to £500 a year from April 2024. Above this amount you will now pay tax on dividends based on the table.
The dividend tax rate depends on your Income Tax Band.
BandTax rate on dividends over allowance
Basic rate 8.75%
Higher rate33.75%
Additional rate39.35%