Capital Gains Tax Exempt Amounts and Rates
Capital Gains Tax is a tax on the profit when you sell (or ‘dispose of’) something (an ‘asset’) that’s increased in value. It’s the gain you make that’s taxed, not the amount of money you receive. Here we’ll look at some rates and exemptions.
| 2025/26 | 30/10/24 to 05/04/25 | 06/04/24 to 29/10/24 | 2023/24 | 2022/23 | |
| Annual exempt amount for individuals, personal representatives and trustees for disabled people | £3,000 | £3,000 | £3,000 | £6,000 | £12,300 |
| Annual exempt amount for other trustees | £1,500 | £1,500 | £1,500 | £3,000 | £6,150 |
| Principle Private Residence Exemption | No limit | No limit | No limit | No limit | No limit |
| Chattels Exemption | £6,000 | £6,000 | £6,000 | £6,000 | £6,000 |
| Main rate for individuals | 18%2 | 18%2 | 10%1 | 10%1 | 10%1 |
| Main rate for trustees and personal representatives | 24% | 24% | 20% | 20% | 20% |
1 For basic rate taxpayers only. Higher and additional taxpayers pay 20%.
2 For basic rate taxpayers only. Higher and additional taxpayers pay 24%.
The existing 18% and 24% rates that apply to residential property will remain unchanged.
Further information
Disclaimer
The information provided is based on our current understanding of the relevant legislation and regulations and may be subject to alteration as a result of changes in legislation or practice. Also it may not reflect the options available under a specific product which may not be as wide as legislations and regulations allow.
All references to taxation are based on our understanding of current taxation law and practice and may be affected by future changes in legislation and the individual circumstances of the investor.