Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

More capital gains tax paid by fewer individuals

06 August 2021
Issue: 4804 / Categories: News

In 2019-20 265 000 taxpayers paid capital gains tax £9.9bn. This liability was realised on £65.8bn of gains. This liability represents an increase of 3% over 2018-19 but the number of taxpayers decreased (6%).

According to statistics released by HMRC most capital gains tax comes from the small number of taxpayers who make the largest gains. In 2019-20 41% of the tax paid arose from taxpayers who made gains of at least £5m. This group represents less than 1% of capital gains taxpayers each year.

About 28% of the tax came from disposals that qualified for entrepreneurs’ relief. This relief was claimed by 46 000 taxpayers on £28.9bn of gains resulting in a total tax charge of £2.8bn. This is the highest amount of gains and tax since the introduction of the relief.

Revised statistics for 2018-19 tax year show taxpayers disposed of...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.

back to top icon