May CGT receipts bring in £64m less than last year

CGT receipts reached £168m compared to £232m last year

Sophia Panayi
clock • 2 min read

Capital gains tax (CGT) receipts reached £168m for May, a 27.6% drop compared to the same period last year.

Last year, CGT receipts stood at £232m. However, this month's figure reveals a £6m increased compared to last month, when £162m was collected. The figures come after a record year for CGT receipts, which reached £22.2bn in 2025/26, significantly surpassing the previous record of £16.9 billion in 2022/23 and the £13.7bn recorded in 2024/25. At the 2025 Autumn Budget, the Office for Budget Responsibility revised up its forecast for CGT receipts to £27.3bn by 2029-30. Utmost senior relationship manager Mark Jephcott noted that although CGT receipts for May were lower than the same mon...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

IHT liabilities hit record £7.03bn in 2023-24 tax year

IHT liabilities hit record £7.03bn in 2023-24 tax year

Figures ‘set to accelerate’

Sophia Panayi
clock 30 July 2026 • 2 min read
Advisers urged to review legacy files after Court of Appeal IHT ruling

Advisers urged to review legacy files after Court of Appeal IHT ruling

HMRC is considering its next steps

Isabel Baxter
clock 28 July 2026 • 4 min read
Burnham U-turns on income tax allowance increase suggestion – reports

Burnham U-turns on income tax allowance increase suggestion – reports

Any change would be ‘difficult given the financial circumstances’

Isabel Baxter
clock 22 July 2026 • 2 min read