Answers · UK 2025/26

How much capital gains tax do I pay on £60,000 profit?

On a £60,000 gain in 2026/27, the first £3,000 is tax-free under the annual exempt amount, leaving £57,000 taxable. A basic-rate taxpayer pays 18% and a higher-rate taxpayer 24% on most assets -- £10,260 to £13,680 depending on your income.

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

Full answer

Capital Gains Tax (CGT) for 2026/27 has an annual exempt amount of just £3,000. On a £60,000 gain, £57,000 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 both residential property and other chargeable assets such as shares or a second home, since the rates were equalised from October 2024. Worked example: a higher-rate taxpayer pays 24% x £57,000 = £13,680. A basic-rate taxpayer with the full £37,700 basic-rate band unused would shelter part of the gain at 18% and the rest at 24%, since a £57,000 taxable gain is larger than the basic-rate band itself, producing a blended bill closer to the higher figure than the lower one. CGT on UK residential property must be reported and paid within 60 days of completion; for other assets it is reported via Self Assessment. Married couples can transfer an asset between them tax-free before selling, doubling the exempt amount to £6,000 between a couple. Use the Capital Gains Tax calculator to compute your exact liability.