CGT Property Check

The £3,000 Capital Gains Tax allowance

See how the £3,000 Annual Exempt Amount reduces your taxable property gain in 2026/27, or how two allowances apply to equal joint owners.

Capital Gains Tax due£4,064Effective rate 16.3%Report and pay within 60 days
Gross gain£25,000
Annual Exempt Amount used£3,000
Taxable gain£22,000
Gain taxed at 18%£20,270
Gain taxed at 24%£1,730

This educational estimate simplifies Private Residence Relief, letting relief and complex multi-asset cases. Not tax advice.

📩 Get the 60-day CGT property deadline checklist (PDF).

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Frequently asked questions

What are the Capital Gains Tax rates on residential property?

For 2026/27, residential property gains are taxed at 18% to the extent they fit within your unused basic-rate income-tax band and at 24% above it.

What is the Capital Gains Tax Annual Exempt Amount?

The Annual Exempt Amount is £3,000 per individual for 2026/27. Equal joint owners can each use an allowance against their share of the gain, subject to their own circumstances.

When must UK property CGT be reported and paid?

UK residents generally need to report and pay Capital Gains Tax on a taxable UK residential property disposal within 60 days of completion.

Is my main home exempt from Capital Gains Tax?

Private Residence Relief can exempt the full gain where the property was your only or main home throughout ownership and the conditions are met. Partial occupation and letting periods require a more detailed calculation.

How is CGT calculated on inherited property?

CGT may arise on growth in value between the relevant probate value and the later sale price, after allowable costs and reliefs. Inheritance Tax and Capital Gains Tax are separate.

How does joint ownership affect the calculation?

This calculator models equal 50:50 ownership by splitting the gain between two people, applying two Annual Exempt Amounts and assuming both owners have the same other taxable income.

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