It is predicted that the taxman will take £19.7 billion in Capital Gains Tax (CGT) in the 2026-2027 tax year, which is a 114% rise from £9.2 billion taken in 2019-2020.
You pay Capital Gains Tax (CGT) when you cash in assets, such as art, a second home, investments or shares held outside an ISA or pension You do not have to pay when you cash in Premium Bonds or profit from a rise in the value of your main home. Everyone gets a £12,300 allowance. After that, basic rate taxpayers are charged 18% on property and 10% on other assets. Higher and additional rate taxpayers pay 28% on property and 20% on other assets.
CGT tax take is expected to increase as property and equity prices rise.