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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:
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.
Type of asset | Basic rate | Higher rate |
---|---|---|
Shares | 10% | 20% |
Residential property | 18% | 28% |
Bitcoin/Cryptocurrency | 10% | 20% |
Other | 10% | 20% |
Allowance for | Annual 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.
Or see our Guides, Calculators or Taxopedia
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