UK Capital Gains Tax Calculator 2024/25

Calculate UK CGT 2024/25. Shares/other assets: 10% (basic) / 20% (higher). Residential property: 18% (basic) / 24% (higher). Annual Exempt Amount: £3,000.

Capital Gain Details

Gain after allowable costs (sale proceeds minus cost basis)
Property has higher CGT rates (18%/24%)
Determines CGT rate applied

CGT Calculation 2024/25

Total gain£50,000
Annual Exempt Amount- £3,000
Taxable gain£47,000
CGT rate (shares)20%
CGT payable (effective rate 18.8%)£9,400

Come utilizzare UK Capital Gains Tax Calculator 2024/25

Enter the net capital gain

Enter your total capital gain (sale proceeds minus cost basis, including acquisition costs and improvement costs). You can deduct any capital losses from the same tax year or carried forward.

Select the asset type

Residential property has different (higher) CGT rates than shares and other assets. Property: 18%/24%. Shares and other assets: 10%/20% (basic/higher rate taxpayers).

Check the Annual Exempt Amount

Everyone has a £3,000 annual CGT exemption (2024/25 reduced from £6,000 in 2023/24). This amount is deducted from your gains before calculating CGT.

Review CGT liability

CGT rates depend on your total income: basic rate taxpayers pay 10% (18% property), higher/additional rate taxpayers pay 20% (24% property).

Suggerimenti

  • Use your ISA and pension allowances to shelter investments from CGT entirely.
  • Consider bed-and-ISA strategies: sell investments, realize gains within the £3,000 exemption, and repurchase in an ISA.
  • Losses can be carried forward indefinitely to offset future gains. Report losses even if no gain in the year.
  • Transfers between spouses are at no-gain/no-loss: a useful way to use a partner's unused annual exempt amount.

Domande frequenti

What is Capital Gains Tax (CGT) in the UK?

UK CGT is charged on the profit from selling assets that have increased in value. Main rates are 10%/20% for shares and most assets, and 18%/24% for residential property (2024/25). The annual exempt amount is £3,000.

Are there any CGT exemptions?

Your main home (PPR - Principal Private Residence) is generally exempt from CGT. ISA and pension gains are also exempt. Gifts to spouses are exempt. Business Asset Disposal Relief (10%) applies to certain business sales.

When must CGT be reported and paid?

For property sales, CGT must be reported and paid within 60 days of completion via the HMRC Capital Gains Tax on UK property service. For other assets, report via Self Assessment by 31 January following the tax year.

What is Business Asset Disposal Relief (BADR)?

BADR (formerly Entrepreneurs' Relief) gives a 10% CGT rate on lifetime gains up to £1 million on qualifying business disposals (own business, shares in personal company, etc.).