How CGT is worked out
- Add up gains and subtract allowable losses.
- Deduct the £3,000 annual exempt amount.
- Gains falling within your unused basic rate band are taxed at 18%, the rest at 24%.
The rates are the same for shares and residential property. Your main home is normally exempt under private residence relief, and assets in ISAs and pensions are free of CGT.
FAQ
What is the CGT allowance for 2026/27?
The annual exempt amount is £3,000 for individuals.
What are UK capital gains tax rates in 2026/27?
18% for gains within the basic rate band and 24% above it, for both shares and property.
When do I pay CGT on property?
Report and pay within 60 days of completion using HMRC's UK property account.