Fast, effortless and 100% online. Learn more
If you’re wondering what the Capital Gains Tax rates are in the UK this tax year, keep reading!
You need to pay Capital Gains Tax (CGT) when you profit from selling valuable assets such as shares, cryptocurrencies, art, or property.
For the 2022/2023 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.
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
Sign up for important updates, deadline reminders and basic tax hacks sent straight to your inbox.
Or see our Guides, Calculators or Taxopedia
Sign up for important updates, deadline reminders and basic tax hacks sent straight to your inbox.
