Capital Gains Tax · 2024/25
Capital Gains Tax on £50,000 (2024/25) — UK CGT Calculator
On a £50,000 non-residential gain in the 2024/25 tax year, after deducting the £3,000 Annual Exempt Amount, the taxable portion was £47,000. A basic-rate taxpayer paid £8,460 at 18%; a higher-rate taxpayer paid £11,280 at 24%.
Breakdown (2024/25, non-residential)
How CGT worked on £50,000 in 2024/25
Capital Gains Tax is charged on the profit from disposing of an asset that has risen in value. For 2024/25 the Annual Exempt Amount was £3,000 — the first slice of total annual gains was tax-free. Above that, the rate depended on the asset type and where the gain landed when stacked on top of your other taxable income.
Assuming the headline scenario of around £30,000 of other taxable income, most of a £50,000 gain falls within the basic-rate band — giving a 18% non-residential CGT charge of £8,460. If your income plus the gain crosses the basic-rate ceiling, the spill-over slice is taxed at 24% — taking the bill up toward £11,280.
Residential property gains were taxed at 18% / 24% in 2024/25 — see the residential row above. Note the October 2024 reform: from 30 October 2024 non-residential CGT rates jumped from 10/20% to 18/24%, aligning with residential. Read the full timeline in the UK CGT allowance history guide.
What was different about 2024/25
2024/25 brought a second AEA cut from £6,000 to £3,000. The residential higher rate fell from 28% to 24% in Spring 2024. Then the October 2024 Autumn Budget aligned non-residential CGT to the residential schedule (18/24%) from 30 October 2024 — straddle-year disposals split between the old (10/20%) and new (18/24%) rates depending on completion date.
Same £50,000 gain across years
On a £50,000 gain at the basic rate you would have paid £4,400 in 2023/24 and £8,460 in 2025/26, compared with £8,460 in 2024/25.