UK Capital Gains Tax Guides
Understand how to calculate Capital Gains Tax (CGT) on UK assets with our detailed guides. Whether you're selling property, shares, or crypto, we break down HMRC rules and exemptions.
Key Topics Covered
- How to calculate CGT on property sales
- Capital Gains Tax rates for 2023/24 (10%, 18-28%)
- Annual exemption (£6,000 for 2023/24)
- Exemptions for main homes, gifts, and ISAs
- CGT on cryptocurrencies and digital assets
Step-by-Step CGT Calculation
- Determine your gain: Sale price - (purchase cost + allowable expenses)
- Subtract your annual exemption
- Apply the appropriate tax rate based on your income bracket
- Report to HMRC by the deadline (30 days for property)
Common Exemptions & Reliefs
| Exemption | Details |
|---|---|
| Main Residence Relief | Exempt gains on primary home (up to £250,000 for couples) |
| Gifts to spouse | No CGT when transferring assets between spouses |
| ISAs & Pensions | Capital gains within these vehicles are tax-free |
Use our free CGT calculator to instantly determine your tax liability and generate a printable report. Stay compliant with HMRC requirements for tax years 2023/24 and beyond.