CGT receipts for 2020/21 reach record £14.3bn - HRMC data

Up 42% from previous year

Julia Bahr
clock • 4 min read

Capital gains tax (CGT) receipts for tax year 2020/21, released by HM Revenue & Customs (HRMC), have reached their highest ever level of £14.3bn.

This represents a 42% rise from 2019/20 when it was £10.06bn. Most CGT comes from the small number of taxpayers who make the largest gains, according to HRMC. In the 2020/21 tax year, 45% of CGT came from those who made gains of £5m or more, it said. This group represents less than 1% of CGT taxpayers each year. The data also showed that in the 2020/21 tax year, as income and size of gain increased, the number of individual taxpayers decreased. In that year, 47% of gains for CGT-liable individuals came from the 13% of individuals with taxable incomes above £150,000, the additional rat...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
 Be the first to hear about our events and awards programmes.



Already a Professional Adviser member?


More on Tax planning

Living together: Unmarried couples' property position

Living together: Unmarried couples' property position

Exploring co-habiting couples and property co-ownership

Richard Burgess
clock 26 January 2023 • 4 min read
First-time buyers could face six month stamp duty saving wipe out

First-time buyers could face six month stamp duty saving wipe out

Running the numbers on stamp duty and first-time buyers

Laura Suter
clock 23 January 2023 • 3 min read
Neil MacLeod

What advisers need to know: Trust and trustees' tax position

What does the Autumn Statement mean for trustees?

Neil Macleod
clock 23 January 2023 • 6 min read