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.
| 2024/25 | 2023/24 | 2022/23 | 2021/22 | |
| Annual exempt amount for individuals, personal representatives and trustees for disabled people | £3,000 | £6,000 | £12,300 | £12,300 |
| Annual exempt amount for other trustees | £1,500 | £3,000 | £6,150 | £6,150 |
| Principle Private Residence Exemption | No limit | No limit | No limit | No limit |
| Chattels Exemption | £6,000 | £6,000 | £6,000 | £6,000 |
| Main rate for individuals | 10%1 | 10%1 | 10%1 |
10%1 |
| Main rate for trustees and personal representatives | 20% | 20% | 20% | 20% |
1 For basic rate taxpayers only. Higher and additional taxpayers pay 20%.