Answers · UK 2025/26
What is the Capital Gains Tax allowance for 2025/26?
The CGT annual exempt amount is £3,000 in 2025/26, down from £6,000 in 2023/24 and £12,300 in 2022/23. Gains above £3,000 are taxed at 18% (basic-rate band) or 24% (higher-rate band) for both residential property and other assets from 30 October 2024.
Full answer
Every UK individual has an annual exempt amount of £3,000 for 2025/26 — the slice of net chargeable gains that escape CGT each year. The allowance was £6,000 in 2023/24 and £12,300 in 2022/23 before two successive cuts. Trusts have half the individual allowance. Gains above the exemption are taxed at: residential property 18% (basic) / 24% (higher-additional); other assets (shares, crypto, business assets) 18% / 24% from 30 October 2024 — the previous 10%/20% rates ended that day. Business Asset Disposal Relief gives a reduced 14% rate from 6 April 2025 (rising to 18% in April 2026) on up to £1m of lifetime qualifying gains. ISA, pension, and PRR-eligible main-home gains are exempt. Inter-spouse transfers at no gain/no loss are still tax-neutral, allowing couples to use both £3,000 allowances. Report and pay CGT on UK residential property within 60 days of completion via the HMRC online service.
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This answer is informational only and does not constitute financial, tax or legal advice. Figures are for the 2025/26 UK tax year. See our methodology and sources.