Capital Gains Tax rates and allowances

You’ll get ana annual tax-free allowance,allowance for each tax year, known as the annual exempt amount (AEA), if you’re liable to Capital Gains Tax everyin taxthat year unlessyou you’rewill non-domicilednot inqualify thefor UKan andAEA haveif claimedyou themake remittancea basisclaim offor taxation on your either:

• foreign income and gains.
  gains regime (FIG) 
• Overseas Workday Relief (OWR)

You only pay Capital Gains Tax if your overall gains for the tax year (after deducting any losses and applying any reliefs) are above the annual exempt amount.

There’s one annual exempt amount for:

• most individuals who live in the UK

• executors or personal representatives of a deceased person’s estate

• trustees for disabled people

A lower rate of annual exempt amount applies for most other trusteestrustees. Find out more about trusts and Capital Gains Tax.

Non-residents who dispose of a UK residential property are liable to Capital Gains Tax and, in most cases, canget claim the annual exempt amount in the same way as UK residents. This is not available to companies who dispose of a UK residential property, as they may be able to claim other allowances.

Annual exempt amount limits

You can use your annual exempt amount against the gains charged at the highest rates to reduce the amount of tax you owe.

Tax year  year	Annual exempt amount for individuals, personal representatives and trustees for disabled people	Annual exempt amount for other trustees
2025 to 2026	£3,000	£1,500
2024 to 2025	£3,000	£1,500
2023 to 2024	£6,000	£3,000
2022 to 2023	£12,300	£6,150
2021 to 2022	£12,300	£6,150
2020 to 2021	£12,300	£6,150

Executors and personal representatives

IfAs you’rea actingpersonal asrepresentative an(an executor or personaladministrator) representative for a deceased person’s estate, you may get the full annual exempt amount during the administration period.

The administration period is the time it takes to settle the deceased person’s affairs, from the daydate afterof the death until the date everything has been passed on to the beneficiaries.

You’re entitled to the annual exempt amount for the tax year in which the death occurred and the following 2 tax years. This means you can claim one annual exempt amount against gains in each of those years. AfterFrom thatthe there’snext notax year and onwards you do not get tax-free allowance against gains during the administration period.

Find out more about dealing with the estate of someone who’s died.

Trustees for disabled people

IfAs you’re acting as a trustee for a disabled personperson, you should use the ‘Individuals, personal representatives and trustees for disabled people’ ratesamounts shown in the annual exempt amount table.section.

For Capital Gains Tax purposes, a disabled person is a person whowith hasa mentalmedical health problems,condition or gets thea middlequalifying or higher rate of Attendance Allowance or Disability Living Allowance.benefit.

Find out more aboutabout:

• qualifying benefits in Trusts for vulnerable people
• Capital Gains Tax and trusts.

If you’re non-domiciled in the UK

You willon not get the  annual exempt amount if you’re non-domiciled in the UK and you’veup claimedto the5 remittanceApril basis of taxation on your foreign income and gains.

2025

You may be non-domiciled in the UK ifif, for example you were born in another country and intend to return there, for example.there.

YouIf you’re a non-domicile, you may have claimed the remittance basis if you havehad income and gains from abroad and have decided that it’s beneficial to be taxed onwhen you bring the foreign income and gains that you bring into the UK, rather than onwhen allit incomearises. The remittance basis can only be claimed for tax years up to and gainsincluding that2024 arise.to 2025.

IssuesYou’ll ofnot domicileget andthe taxannual onexempt foreignamount gainsfor aretax complicated.years Ain lotwhich dependsyou onclaimed the factsremittance basis.

Issues of eachdomicile case.and tax on foreign gains are complicated.

To find out more read Residence, domicile and the remittance basis: RDR1, and contact HMRC if you have any questions.

If you’re a qualifying new resident from 6 April 2025 

From 6 April 2025 special rules apply for qualifying new residents. 

You’re a qualifying new resident if you’re: 

• a UK (England, Scotland, Wales and Northern Ireland) tax resident under the statutory residence test (SRT) 
• still within your first 4 years as a UK tax resident following at least a 10-year period as a non-UK tax resident 

You can read more about qualifying new resident in manual RFIG44000. 

A qualifying new resident for a tax year will remain so in any tax year during the following 3-year period in which they’re UK resident, so that they can be a qualifying new resident in up to 4 tax years. 

As a qualifying new resident, you can claim the FIG regime. This allows you to claim relief on your foreign income and gains.

You may also qualify for OWR, which will also be available on transitional basis if you claimed OWR under the previous rules.

You cannot get an annual exempt amount for a tax year if in that year you claimed either: 

• foreign income and gains regime
• Overseas Workday Relief (OWR) — read Globally mobile employees — Overseas Workday Relief

Rates for Capital Gains Tax

The Capital Gains Tax rate you use depends on the total amount of your taxable income, soyou should work that out first.

6 April 2025 onwards

The following Capital Gains Tax rates apply:

• 18% and 24% for individuals (not including carried interest gains)

• 32% for individuals for carried interest gains

• 24% for trustees

• 24% for personal representatives of someone who has died (not including carried interest gains)

• 32% for personal representatives of someone who has died for carried interest gains

• 14% for gains qualifying for Business Asset Disposal Relief and Investors’ Relief

30 October 2024 to 5 April 2025

The following Capital Gains Tax rates apply:

• 18% and 24% for individuals (not including carried interest gains)

• 18% and 28% for individuals for carried interest gains

• 24% for trustees

• 24% for personal representatives of someone who has died (not including carried interest gains)

• 28% for personal representatives of someone who has died for carried interest gains

• 10% for gains qualifying for Business Asset Disposal Relief and Investors’ Relief

6 April 2024 to 29 October 2024

The following Capital Gains Tax rates apply:

• 10% and 20% for individuals (not including residential property gains and carried interest gains)

• 18% and 24% for individuals for residential property gains

• 18% and 28% for individuals for carried interest gains

• 20% for trustees (not including residential property gains)

• 24% for trustees for residential property gains

• 20% for personal representatives of someone who has died (not including residential property gains and carried interest gains)

• 24% for personal representatives of someone who has died for residential property gains

• 28% for personal representatives of someone who has died for carried interest gains

• 10% for gains qualifying for Business Asset Disposal Relief and Investors’ Relief

6 April 2019 to 5 April 2024

The following Capital Gains Tax rates apply:

• 10% and 20% for individuals (not including residential property gains and carried interest gains)

• 18% and 28% for individuals for residential property gains and carried interest gains

• 20% for trustees (not including residential property gains)

• 28% for trustees for residential property gains

• 20% for personal representatives of someone who has died (not including residential property gains and carried interest gains)

• 28% for personal representatives of someone who has died for residential property gains and carried interest gains

• 10% for gains qualifying for Business Asset Disposal Relief  — — previously known as Entrepreneurs Relief, and Investors’ Relief