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.
Capital Gains Tax rates
|Type of asset||Basic rate||Higher rate|
|Allowance for||Annual exempt amount|
If you need to quickly see how much tax you need to pay view our capital gains tax calculator.
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