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Tax & Investing

Scottish Capital Gains Tax Calculator 2026/27

CGT rates depend on your total income — and Scotland's six tax bands change which rate you pay.

By Gary · Updated April 2026

✓ Updated April 2026✓ Scotland-specific✓ No sign-up required

Enter your details above to see your CGT instantly.

How CGT rates work for Scottish taxpayers

Capital Gains Tax is not devolved — HMRC administers it and rates are identical across the UK. But your CGT rate depends on your total income, and Scottish income tax bands differ from England's. Two people on the same salary can have different amounts of unused basic rate band for CGT purposes.

2026/27 CGT rates

Asset type	Basic rate	Higher rate
Shares, funds, other assets	18%	24%
UK residential property	18%	24%
Business assets (BADR)	18% flat

Source: HMRC, 2026/27

The annual exempt amount

Everyone gets a £3,000 tax-free CGT allowance per year. This has fallen dramatically from £12,300 in 2022/23. Any gains above £3,000 are taxable at the rates above.

Reporting and paying CGT

UK residential property: must be reported and paid within 60 days of completion via HMRC's online service.
All other assets: report via Self Assessment by 31 January following the tax year.

Calculate your bill. Enter your gain, asset type, and income above to see your exact CGT liability.

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For a full explanation of CGT rates — and why Scotland's lower Higher-rate threshold means more Scottish taxpayers pay 24% CGT — read Capital Gains Tax in Scotland: 18% or 24%? or the technical breakdown: How Scottish income tax affects your CGT rate.

Frequently asked questions

Answers to common questions about this calculator.

Does Scotland set its own Capital Gains Tax rates?

No. CGT is a reserved tax — rates are identical across the UK. For 2026/27 they are 18% for basic rate taxpayers and 24% for higher rate taxpayers on most assets including shares and residential property. Only income tax and LBTT are devolved to Scotland.

How does my Scottish tax band affect which CGT rate I pay?

CGT rate depends on whether your total taxable income plus capital gains falls in the UK basic rate band (£12,571–£50,270) or above it. This is a UK-wide calculation — not your Scottish band. So a Scottish Higher rate (42%) taxpayer on £45,000 still uses the UK basic rate band for CGT purposes.

What is the 2026/27 CGT allowance?

The annual exempt amount is £3,000 — down from £12,300 in 2022/23. You can realise £3,000 of gains each year tax-free. This sharp reduction makes ISAs and pensions much more important for sheltering investment growth.

When do I report and pay CGT on a property sale?

UK residential property sales must be reported and paid within 60 days of completion via HMRC's online service. For other assets (shares, funds), CGT is reported through your annual Self Assessment return. Miss the 60-day property deadline and penalties start accruing.

Is my main home exempt from CGT?

Yes — Principal Private Residence (PPR) relief makes your main home CGT-free. This applies automatically if the property has been your only or main home throughout ownership. Partial relief applies if you've let parts of it or been away for long periods. Second homes and buy-to-lets don't qualify.

Can I transfer assets to my spouse to reduce CGT?

Yes. Transfers between spouses are CGT-free. This is a common planning move: if one spouse is a Basic-rate taxpayer and the other is Higher-rate, transferring an asset before selling means CGT at 18% instead of 24% — a legitimate saving of up to 6% of the gain. Both spouses also have their own £3,000 annual allowance.

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Rates verified April 2026· All figures sourced from Revenue Scotland and HMRC

This calculator provides estimates only and does not constitute financial or tax advice. Always verify with Revenue Scotland, HMRC, or mygov.scot, and speak to a qualified financial adviser for advice specific to your circumstances.