Answers · UK 2025/26
What is the capital gains tax allowance for 2026/27?
The Capital Gains Tax Annual Exempt Amount for 2026/27 is £3,000 (the same as 2024/25 and 2025/26). Any gains above this are taxed at 18% (basic rate) or 24% (higher/additional rate) for residential property, and 18%/24% for other assets from 30 October 2024.
Full answer
The Capital Gains Tax (CGT) Annual Exempt Amount for 2026/27 is £3,000, reduced from £6,000 in 2023/24. Gains above £3,000 are taxed as follows (from 30 October 2024): residential property — 18% for basic-rate taxpayers, 24% for higher and additional-rate taxpayers; other assets (shares, business assets, etc.) — 18% for basic-rate taxpayers, 24% for higher and additional-rate taxpayers. Note: Business Asset Disposal Relief (formerly Entrepreneurs' Relief) is taxed at 14% for disposals from 6 April 2025, rising to 18% from 6 April 2026. Each individual receives their own £3,000 exemption; spouses and civil partners can each use their own. Transfers between spouses and civil partners are on a no-gain/no-loss basis and do not trigger CGT.
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.