What are the capital gains tax rates in the UK?
Answered 11 March 2026
Here is a comprehensive summary of the current UK CGT rates, based on the legislation and HMRC guidance.
What the law says
The main rates of CGT are set out in TCGA 1992, s.1H (as amended). The current rates depend on the type of gain and the taxpayer:
For Individuals (disposals on or after 30 October 2024):
- 18% or 24% on most chargeable gains (other than carried interest gains). The applicable rate depends on whether the individual's income uses up the basic rate band — see s.1I TCGA 1992.
- 32% on carried interest gains.
- The previous separate higher rate for residential property gains has been abolished — residential property gains are now taxed at the same 18%/24% rates as other gains (the distinct residential property rate was removed for disposals on or after 30 October 2024).
For Personal Representatives:
- 24% on chargeable gains (other than carried interest gains).
- 32% on carried interest gains.
For Trustees of a Settlement:
- 24% on chargeable gains.
Business Asset Disposal Relief (BADR) & Investors' Relief:
These reliefs provide a reduced rate, subject to a phased increase:
- 10% for disposals up to 5 April 2025.
- 14% for disposals on or after 6 April 2025.
- 18% for disposals on or after 6 April 2026.
These rates are subject to the main rates in s.1H TCGA 1992.
HMRC guidance / practice
HMRC confirms the following rate structure for individuals:
- For gains arising before 30 October 2024: most gains were taxed at 10% or 20% (lower/higher rates), with residential property at 18% or 24%, and carried interest at 18% or 28%.
- For gains arising on or after 30 October 2024: the main rates increased to 18% and 24% for all gains (including residential property, which no longer has a separate rate).
- For BADR, the rate is 14% from 6 April 2025, rising to 18% from 6 April 2026.
- HMRC notes that the Self Assessment return for 2024-25 cannot automatically calculate CGT correctly where there are disposals on or after 30 October 2024 at the new rates, and customers must use an interactive calculator.
Summary Table
| Taxpayer / Gain Type | Rate (from 30 Oct 2024) |
|---|---|
| Individual – most gains (basic rate band available) | 18% |
| Individual – most gains (above basic rate band) | 24% |
| Individual – carried interest | 32% |
| Personal representatives / trustees | 24% |
| BADR / Investors' Relief (to 5 Apr 2025) | 10% |
| BADR / Investors' Relief (6 Apr 2025 – 5 Apr 2026) | 14% |
| BADR / Investors' Relief (from 6 Apr 2026) | 18% |
Citation sources
Part 1 Capital gains tax and corporation tax on chargeable gains Chapter 1 Capital gains tax Rates of CGT The main rates of CGT 1H 1 This section makes provision about the rates at which capital gains tax is charged but has effect subject to— a section 169N ( business asset disposal relief : rate of 14% ), and b section 169VC (investors' relief: rate of 14% ). 1A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Ch
Part 1 Income tax, capital gains tax and corporate taxes Capital gains tax rates and reliefs Main rates of CGT for gains other than carried interest gains 7 1 In section 1H of TCGA 1992 (the main rates of CGT)— a omit subsection (1A) (which sets out the rates for residential property gains accruing to individuals), b in subsection (3) (which sets out the rates for gains accruing to individuals that are not residential property gains or carried interest gains)— i for “10%” substitute “18%” , and
Entrepreneurs’ Relief was renamed as Business Asset Disposal Relief in Finance Act 2020 with effect from 6 April 2020. The new name is generally used in this guidance but should be read as applying to times before that date. For disposals occurring on or after 6 April 2025 gains which qualify for Business Asset Disposal Relief are charged at a rate of 14%. This increases to 18% for qualifying gains arising from disposals occurring on or after 6 April 2026. Finance Act 2025 includes anti-forestal