Capital Gains Tax on Property

Estimate Capital Gains Tax on a UK property sale — for landlords, second homes and inherited property in 2024/25.

Sale price (£)

Purchase price (£)

Allowable costs (legal fees, improvement costs, etc.) (£)

Other income this year (£) — to determine tax rate

Property type

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Fill in the details to get your result.

How This Works

2024/25 CGT rates on residential property: 18% (basic rate taxpayers) and 24% (higher rate taxpayers). Annual exempt amount: £3,000. Your gain falls first into the basic rate band (to the extent you have remaining), then higher rate. Allowable costs include purchase costs, improvement costs, estate agent fees on sale, and legal fees.

Allowable deductions: purchase price, stamp duty paid on purchase, legal and surveying fees on purchase, improvement costs (not repairs — a new kitchen is an improvement; fixing a broken oven is a repair), estate agent fees on sale, legal fees on sale, and letting agent fees on sale. You can also deduct a proportion of costs if only part of the property was let. Lettings relief (up to £40,000) may apply if the property was once your main residence. Keep all receipts — HMRC can request evidence.