Capital Gains Tax free allowance is changing from April 5th 2023 in the UK.

If you live in the UK first £12,300 of profits from capital gains are not taxed. But this will be halved in April and then halved again next year.

If you've been thinking about taking profits and cashing out this month better do it before next tax year kicks in on April 5th.

Capital Gains Tax allowance is reduced from the next tax year (From April this year):

"This measure changes the Capital Gains Tax (CGT) annual exempt amount (AEA). For the tax year 2023 to 2024 the AEA will be £6,000 for individuals and personal representatives, and £3,000 for most trustees."

And next year they are halving it again to £3000 only.

"For the tax year 2024 to 2025 and subsequent tax years the AEA will be permanently fixed at £3,000 for individuals and personal representatives, and £1,500 for most trustees."

Source: gov UK website. Not sure if I can post links here. But you can easily Google it.