Made a profit from investment but shedding tears from the hassle of the tax implications?
We created this one-stop-shop to help you navigate UK investment tax. Think calculators, guides, tax tips, and more. Click through the tabs below for tax help, made for you.
Your total capital gains tax (CGT) owed depends on two main components:
Your overall earnings determine how much of your capital gains are taxed at 10% or 20%.
Our capital gains tax rates guide explains this in more detail.
In your case where capital gains from shares were £20,000 and your total annual earnings were £69,000:
You pay no CGT on the first £12,300 that you make
You pay £127 at 10% tax rate for the next £1,270 of your capital gains
You pay £1,286 at 20% tax rate on the remaining £6,430 of your capital gains
You can earn up to £12,300 in investment profits every year by claiming the Capital Gains Tax allowance. It’s automatically applied when you file your Self Assessment. If you make less than £12,300, you don’t need to declare it.
Not actually sure what CGT is? Watch this 10(ish) second video about how it all works: when you pay it, what you pay it on, and how to tackle it.
Stay on top of UK investment tax with our Tax Return Toolkit. Get a guide to navigate your CGT liabilities, check out our Spotify playlists to motivate you for tax filing, or download our tax deadline calendar straight into your Gmail.
We can help. As well as filing your tax return, we also offer one-off tax advice from an accredited accountant. Totally remote, no strings attached.
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