Answers · UK 2025/26

How much capital gains tax do I pay on £35,000 profit?

On a £35,000 gain in 2026/27, the first £3,000 is tax-free, leaving £32,000 taxable. A basic-rate taxpayer pays 18% (£5,760) and a higher-rate taxpayer pays 24% (£7,680) on most assets, depending on your income and how much of the gain falls into each band.

Last updated: 10 July 2026Last reviewed: 10 July 2026How we verify

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Capital Gains Tax (CGT) for 2026/27 has an annual exempt amount of £3,000. On a £35,000 gain, £32,000 is taxable. The rate depends on where the gain sits when stacked on top of your income: 18% within the basic-rate band and 24% above it for most assets, including shares and second properties. A higher-rate taxpayer pays 24% of £32,000, which is £7,680. A basic-rate taxpayer with enough unused basic-rate band pays 18% of £32,000, which is £5,760, but a gain this size very often pushes part of it into the 24% band once stacked on other income, so the real bill usually lands between the two figures. To find the split, add the taxable gain to your income for the year: the portion above the £50,270 higher-rate threshold is taxed at 24%, the rest at 18%. Property investors selling a second home or buy-to-let must report and pay UK residential property gains within 60 days of completion, rather than waiting for Self Assessment. Spouses can transfer assets between them tax-free before sale, effectively doubling the available annual exemption to £6,000 for a couple. Use the Capital Gains Tax calculator to compute your exact liability based on your income.