How we worked it out
Updated as you change the numbers.
- Gains after the £3,000 allowance: £17,000.00.
- £17,000.00 fits in the rest of the basic rate band (£37,700 − £20,000.00) at 18%; £0.00 above it at 24%. Tax = £3,060.00.
Method and assumptions
GOV.UK: tax-free allowance £3,000; from 6 April 2026 gains are taxed at 18% when, added to taxable income, they fall within the basic rate band, and at 24% above it.
Questions
How much CGT on a £20,000 gain with £20,000 of taxable income?
£3,060: £17,000 above the allowance, all within the basic rate band at 18%.
Sources
Method and figures checked on November 2, 2026. Every worked answer on this page is covered by an automated test. Found a mistake? Tell us.