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

Tax-free allowance

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