The CGT annual exempt amount and rates for 2027/28 — unchanged from the previous year.
Last reviewed: May 2026. Any changes announced in the autumn 2026 Budget will be reflected here when confirmed.
CGT Rates — 2027/28
| Taxpayer | CGT rate (all assets) |
|---|---|
| Basic rate (income + gains ≤ £50,270) | 18% |
| Higher rate (income + gains > £50,270) | 24% |
| Additional rate | 24% |
Annual Exempt Amount — 2027/28
| Amount | |
|---|---|
| Individual | £3,000 |
| Trusts (most) | £1,500 |
Historical CGT Exempt Amount
| Tax year | Annual exempt amount |
|---|---|
| 2022/23 | £12,300 |
| 2023/24 | £6,000 |
| 2024/25 | £3,000 |
| 2025/26 | £3,000 |
| 2026/27 | £3,000 |
| 2027/28 | £3,000 |
How to Calculate Your CGT — 2027/28
- Gain = Sale proceeds − Acquisition cost − Allowable costs
- Less annual exempt amount (£3,000)
- Determine tax band: add taxable gain to other income
- Apply rate: 18% (basic rate band), 24% (above basic rate band)
For a worked example, see the Capital Gains Tax Calculator UK.
Special CGT Situations — 2027/28
| Situation | Rate / Notes |
|---|---|
| Business Asset Disposal Relief (BADR) | 18% (from April 2026) |
| Investors’ Relief | 18% (from April 2026); £1m lifetime limit |
| Gift to spouse / civil partner | No CGT (no gain/no loss) |
| Gift to others | CGT on market value |
| Death | No CGT on death; assets rebased to probate value |
| Private Residence Relief (main home) | Full exemption while living there |
What Counts as a Chargeable Asset
CGT applies to gains from selling or disposing of most assets, including:
- Shares and funds held outside an ISA or pension
- Second properties and buy-to-let (your main home is usually exempt)
- Cryptocurrency (HMRC treats crypto as an asset, not currency)
- Business assets (though BADR may reduce the rate)
- Valuable personal possessions worth over £6,000 (chattels rule applies)
Assets that are CGT-exempt include: your main home (with Private Residence Relief), ISA holdings, gilts (UK government bonds), NS&I Premium Bonds, and assets held in a pension.
Reducing Your CGT — 2027/28 Strategies
Use your annual exempt amount every year
The £3,000 exempt amount cannot be carried forward. If you have unrealised gains and can crystallise up to £3,000 without selling assets you wish to hold long-term, it is usually worth doing so — especially by using a bed-and-ISA (sell and rebuy inside an ISA wrapper).
Transfer assets to your spouse or civil partner
Assets transferred to a spouse or civil partner are done at no gain/no loss — they take over your cost basis. This doubles the household annual exempt amount to £6,000 and may move gains into their lower tax band.
Use capital losses
Capital losses in the current year must be set against gains in the same year. Losses carried forward from earlier years can be used to reduce taxable gains, but only to the extent that gains exceed the £3,000 annual exempt amount.
Time disposals across tax years
If you have large gains to realise, spreading disposals across two tax years (either side of 5 April) gives you two annual exempt amounts — potentially sheltering £6,000 of gain at no tax cost.
Reporting and Payment Deadlines
| Asset type | Deadline |
|---|---|
| UK residential property (direct disposal) | 60 days from completion |
| All other assets | Via Self Assessment (31 January after tax year end) |