What changed for Capital Gains Tax in the Autumn Budget 2024?

Effective 30 October 2024, the lower CGT rate for basic-rate taxpayers rose from 10% to 18%, and the higher rate rose from 20% to 24% for non-property assets (such as shares and crypto), aligning them with residential property rates.

What is the Capital Gains Tax allowance for 2025/2026?

The annual exempt amount is £3,000 for individuals and £1,500 for trusts. Married couples and civil partners who own assets jointly have a combined tax-free allowance of £6,000.

What is the 60-day rule for residential property CGT?

If you sell a UK residential property that is not your primary residence (such as a buy-to-let or second home) and make a capital gain, you must submit a 'Capital Gains Tax on UK property' return and pay the tax owed within 60 days of the completion date.

How does Business Asset Disposal Relief (BADR) work?

BADR (formerly Entrepreneurs' Relief) allows qualifying business owners to pay a reduced 10% CGT rate on gains up to a lifetime limit of £1,000,000 (set to rise to 14% in April 2025 and 18% in April 2026).

How does my income affect the CGT rate I pay?

Your taxable capital gain is added on top of your taxable income. Any portion of the gain that falls within the unused basic-rate Income Tax band (up to £50,270) is taxed at 18%, while any portion above £50,270 is taxed at the higher 24% rate.

Can I offset previous capital losses against gains?

Yes. Unused allowable capital losses from previous tax years can be brought forward and deducted from your net gain, provided they have been registered with HMRC within four years of the end of the tax year in which the loss occurred.

Updated for Autumn Budget 2024 (18% & 24% Rates)

UK Capital Gains Tax (CGT) Calculator

Compute exact Capital Gains Tax liability across shares, cryptocurrencies, buy-to-let residential properties, and business assets under the revised statutory 18% and 24% tax rates.

Asset Category

Ownership & Annual Exempt Allowance

Disposal / Sale Proceeds (£)

Initial Purchase Cost (£)

Buying & Selling Expenses (£)

Capital Improvement Costs (£)

Brought Forward Losses (£)

Annual Taxable Income (£)

Determines basic rate (£50,270) room.

CGT Assessment Breakdown Statutory Deductions

Disposal Proceeds	£0
Less: Initial Purchase Cost	-£0
Less: Incidental Buying & Selling Fees	-£0
Less: Capital Improvements	-£0
Total Net Capital Gain	£0
Less: Annual Tax-Free Allowance (AEA)	-£0
Less: Brought Forward Capital Losses	-£0
Net Taxable Capital Gain	£0
Taxed at Basic Rate (18%)	£0
Taxed at Higher Rate (24%)	£0
Total Capital Gains Tax Payable	£0

Complete Guide to UK Capital Gains Tax (CGT)

1. The Autumn Budget 2024 CGT Overhaul

In the Autumn Budget on 30 October 2024, the UK Government raised the main CGT rates:

Basic Rate: Increased from 10% to 18% on shares, crypto, and other assets.
Higher Rate: Increased from 20% to 24% on shares, crypto, and other assets.
Residential Property: Maintained at 18% (basic) and 24% (higher).

2. Annual Tax-Free Allowance (£3,000)

Every individual in the UK is entitled to an Annual Exempt Amount (AEA) of £3,000. This allowance is "use it or lose it" and cannot be carried forward to future tax years. Spouses or civil partners can transfer assets prior to sale to utilize both allowances, achieving up to £6,000 tax-free.

3. Business Asset Disposal Relief (BADR)

Qualifying business directors and sole traders selling all or part of their business can benefit from BADR, keeping CGT at 10% up to a lifetime cap of £1,000,000. Under current legislation, BADR will increase to 14% from 6 April 2025 and 18% from 6 April 2026.

4. Allowable Deduction Rules

You can lawfully deduct:

Legal fees, Stamp Duty (SDLT), and survey fees paid when acquiring the asset.
Capital enhancement expenditure (e.g. building an extension or installing central heating; routine repairs and decorating do not qualify).
Incidental selling fees (estate agency commission, advertising, legal conveyancing).

Frequently Asked Questions (UK Capital Gains Tax)

Do I pay Capital Gains Tax when selling my own home? ▼

Usually no. Under Private Residence Relief (PRR), you do not pay any Capital Gains Tax when selling a property that has been your main and only residence throughout the period of ownership.

How is cryptocurrency taxed in the UK? ▼

HMRC treats Bitcoin, Ethereum, and other cryptoassets as capital assets. Selling crypto for fiat, swapping one token for another, or using crypto to buy goods triggers a taxable disposal subject to the 18% or 24% CGT rates.

How do I report CGT on shares or crypto? ▼

You report gains on shares or cryptoassets via your annual Self Assessment tax return or by using HMRC's real-time Capital Gains Tax service by 31 December following the end of the tax year.

Can I gift assets to my spouse to avoid CGT? ▼

Yes. Gifts and transfers between spouses or civil partners who live together are treated on a 'no gain, no loss' basis. When the receiving spouse subsequently sells the asset, they can use their own £3,000 allowance and basic rate tax band.

Total Capital Gains Tax Due

£0.00

Effective CGT Rate: 0.0%

Net Capital Gain £0

Post-Tax Profit £0

Retained Profit: 80% HMRC Tax: 20%

🕒 Recent CGT Calculations

Recent calculations appear here.

FreeCalcSuite • Official UK Capital Gains Tax Statement