Answers · UK 2025/26

How much capital gains tax do I pay on £75,000 profit?

On a £75,000 gain in 2026/27, the first £3,000 is tax-free under the annual exempt amount, leaving £72,000 taxable. A basic-rate taxpayer pays 18% and a higher-rate taxpayer 24% on most assets -- £12,960 to £17,280 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 £75,000 gain, £72,000 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. Worked example: a higher-rate or additional-rate taxpayer pays 24% x £72,000 = £17,280. A basic-rate taxpayer would need £72,000 of unused basic-rate band to pay the full amount at 18% (£12,960), which is larger than the entire £37,700 basic-rate band, so in practice most people realising a gain this size pay a blended rate closer to 24% once the gain is added to their income. Gains this large from selling a business may qualify for Business Asset Disposal Relief, taxed at a flat 18% on up to £1 million of lifetime qualifying gains (up from 14% before 6 April 2026), a significant saving compared with the standard 24% higher rate. CGT on UK residential property must be reported and paid within 60 days of completion. Use the Capital Gains Tax calculator to work out your exact position.