Capital Gains Tax: what you pay it on, rates and allowances

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Capital Gains Tax rates

You may pay a different rate of tax on gains from residential property than you do on other assets for disposals on or before 29 October 2024.

You do not usually pay tax when you sell your home.

If you pay higher rate Income Tax

If you바카라 사이트™re a higher or additional rate taxpayer, the amount you pay will depend on the date and type of your gain.

Gains from 6 April 2025 onwards 

You바카라 사이트™ll pay:

You can see the rates and allowance for previous years.

If you pay basic rate Income Tax

If you바카라 사이트™re a바카라 사이트¯basic rate taxpayer, the rate you pay depends on the size of your gain, your taxable income and whether your gain is from residential property or other assets.

Gains from 6 April 2025 onwards 

You바카라 사이트™ll pay:  

You can see the바카라 사이트¯rates and allowance for previous years.

To work out your rate: 

  1. Work out how much바카라 사이트¯taxable income you have - this is your income minus your Personal Allowance and any other바카라 사이트¯Income Tax reliefs you바카라 사이트™re entitled to.

  2. Work out your total taxable gains.

  3. Deduct your tax-free allowance바카라 사이트¯from your total taxable gains.

  4. Add this amount to your taxable income.

  5. If this amount is within the basic Income Tax band, you바카라 사이트™ll pay 18% on your gains made from 6 April 2025 (or 32% on carried interest).

  6. For any amount above the basic Income Tax band, you바카라 사이트™ll pay 24% on gains made from 6 April 2025 (or 32% on carried interest).

Example 1

You make a gain (not from carried interest) on or after 6 April 2025. Your taxable income (your income minus your Personal Allowance and any Income Tax reliefs) is £20,000 and your taxable gains are £12,600.바카라 사이트¯바카라 사이트¯Â 

First, deduct the Capital Gains tax-free allowance from your taxable gain. For the 2025 to 2026 tax year the allowance is £3,000, which leaves £9,600 to pay tax on.바카라 사이트¯

Add this to your taxable income. Because the combined amount of £29,600 is less than £37,700 (the basic rate band for the 2025 to 2026 tax year), you pay Capital Gains Tax at 18%.바카라 사이트¯바카라 사이트¯Â 

This means you바카라 사이트™ll pay £1,728 in Capital Gains Tax.

Example 2

You make a gain (not from carried interest) on or after 6 April 2025. Your taxable income (your income minus your Personal Allowance and any Income Tax reliefs) is £20,000 and your taxable gains are £52,600.

First, deduct the Capital Gains tax-free allowance from your taxable gain. For the 2025 to 2026 tax year the allowance is £3,000, which leaves £49,600 to pay tax on.바카라 사이트¯Â 

Add this to your taxable income. Because the combined amount of £69,600 is more than £37,700 (the basic rate band for the 2025 to 2026 tax year), you will pay Capital Gains Tax at 18% on £30,270 and then 24% on £19,330.

This means you will pay £10,087.80.

If you have gains from both residential property and other assets

You can use your tax-free allowance against the gains that would be charged at the highest rates (for example where you would pay 24% or 32% tax).

You can see the rates and allowance for previous years.

If you바카라 사이트™re a trustee, personal representative or business

Trustees바카라 사이트¯or personal representatives of someone who바카라 사이트™s died from 6 April 2025 pay:

  • 24% on residential property
  • 24% on other chargeable assets

Personal representatives of someone who바카라 사이트™s died pay 32% on carried interest.

From 6 April 2025 you바카라 사이트™ll pay 14% if you바카라 사이트™re a sole trader or partnership and your gains qualify for바카라 사이트¯Business Asset Disposal Relief.

You can see the rates and allowance for previous years.

View a printable version of the whole guide

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