Capital Gains Tax

A client’s overall total gain/loss for all disposals for the tax year, after deducting any losses from previous years and the Capital Gains Tax Annual Exempt Amount, will be subject to Capital Gain Tax (CGT).

The Capital Gains Tax Annual Exempt Amount and tax rate history for an individual is below.

Since 2016/17, there is an additional tax rate of 8% for residential property gains;

Tax YearCGT AEABasic RateHigher Rate
2022/23£12,30010%20%
2021/22£12,30010%20%
2020/21£12,30010%20%
2019/20£12,00010%20%
2018/19£11,70010%20%
2017/18£11,30010%20%
2016/17£11,10010%20%
2015/16£11,10018%28%
2014/15£11,00018%28%
2013/14£10,90018%28%
2012/13£10,60018%28%
2011/12£10,60018%28%
2010/11£10,10018%28%
2009/10£10,10018%18%
2008/09£9,60018%18%

For further information;

www.gov.uk/guidance/capital-gains-tax-rates-and-allowances

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