The Capital Gains Tax (CGT) annual exempt amount is the amount of gains that you are allowed to make before paying tax on those profits.

Capital Gains Tax is paid when you sell or dispose of assets such as personal possessions worth more than £6,000, property that is not your main home, shares or business assets.

CGT is based on the amount of profit that you have made, not on the selling price.

Each year the CGT annual exempt allowance is increased in line with the rise in the Consumer Prices Index, rounded up to the next £100.

In 2018/19 the CGT allowance was £11,700.

In 2019/20 this will be increasing to £12,000.

The law also provides that the annual exempt amount available to most trustees of settlements is one half that due to individuals and so this will be £6,000 for the tax year 2019/20.

For details of all current tax rates that we monitor, please see this page.