Main individual capital gains tax rates (UK, 2025–26)
For the 2025–26 tax year, the main individual capital gains tax rates are 18% for taxable gains falling within the available basic-rate band and 24% for taxable gains above that band. Taxable income and relevant band extensions affect the available band. Separate relief rates, such as Business Asset Disposal Relief where applicable, must be considered independently. Losses and the annual exempt amount must be applied under the relevant rules before calculating taxable gains. These values are specific to the stated year.
Worked example
For 2025–26, assume an individual has £10,000 taxable gain after applicable losses and exemptions, no unused basic-rate band and no special-rate relief. At 24%, capital gains tax on that gain is £2,400.
Common mistake
Applying 18% to every gain without calculating the unused basic-rate band.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | TX (UK) | Direct | June 2026–June 2027 |