The capital gains tax annual exempt amount is the amount of net gains that can be realised each tax year before capital gains tax is payable.
The annual exempt amount is set at £12,300 for 2022/23. It is to fall to £6,000 for 2023/24 and to £3,000 for 2024/25.
Where you are planning to dispose of assets which will realise a chargeable gain, consideration should be given to the timing of the disposal.