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What are Capital Gains Tax rates in UK?

NOTE: this guide has been updated for the 2020/2021 tax year.

You need to pay Capital Gains Tax (CGT) when you profit from selling valuable assets such as shares, cryptocurrencies, art, or property.

For the 2020/2021 tax year capital gains tax rates are:

  • 10% (18% for residential property) for your entire capital gain if your overall annual income is below £50,000
  • 20% (28% for residential property) for your entire capital gain if your overall annual income is above the £50,000 threshold

Individuals have a £12,300 capital gains tax allowance. This means your capital gains up to £12,300 are tax free.

Normally you don’t have to pay any capital tax on selling your main home.

Capital Gains Tax rates

Type of assetBasic rateHigher rate
Shares10%20%
Residential property18%28%
Bitcoin/Cryptocurrency10%20%
Other10%20%

Tax-free allowance

Allowance forAnnual exempt amount
Individuals£12,300
Trusts£6,150

If you need to quickly see how much tax you need to pay view our capital gains tax calculator.

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