Back
Let us sort your Self Assessment today. Stress-free. For £119, all in. Learn more

Capital Gains Tax allowance

The Capital Gains Tax allowance is the amount of capital gain that is tax-free. In the 2019/2020 tax year, this amount is £12,000 – up from £11,700 in 2018/2019.

You only have to pay Capital Gains Tax (CGT) on the profits that go above this tax-free amount.

A few things to remember about the CGT allowance:

  • if you own these assets (that you just sold) together with another person, you can use both of your allowances together
  • if you don’t use your CGT allowance in a given tax year, you can’t carry it forward to the next year
  • the CGT allowance is not related to your Personal Allowance. The Personal Allowance is only for other kinds of earnings (salary, self-employment income, rental income, etc.).

More guides & useful information

Let us sort your Self Assessment online. £119, all in.

That’s right. No matter how complicated it gets or why you need to do a return in the first place, it’ll cost £119 to get it done. That includes VAT, last-minute changes and all the support you may need.

Learn more

How it works

1. Answer a few simple questions

And we mean a few. After a couple of minutes of answering questions online we’ll have everything we need to start working on your tax return.

2. Then get paired with a tax accountant

That’s right, you’ll be matched with a real accountant who is best suited to prepare your return. Plus, they’re on hand for questions whenever you need.

3. We file your Self Assessment for you

Once you’ve signed off your return, your TaxScouts accountant will file your return online with HMRC. That’s it! We told you it was simple.

Taxes as they should be done

Let’s get yours sorted today.
Get started