£200,000 Capital Gain After Tax Northern Ireland 2025-26
Residential Property · £40,000 income · Effective CGT rate: 23.33%
CGT breakdown, Northern Ireland 2025-26
| Item | Amount |
|---|---|
| Total gain | £200,000 |
| CGT annual allowance (tax-free) | −£3,000 |
| Taxable gain | £197,000 |
| Basic rate portion (18%) | £10,270 |
| Higher rate portion (24%) | £186,730 |
| CGT due | −£46,664 |
| Gain after CGT | £153,336 |
CGT rate applied
Your gain spans both rate bands: £10,270 at 18% (basic rate) and £186,730 at 24% (higher rate).
2025-26 CGT rates, Residential Property
How much CGT on a £200,000 gain in Northern Ireland with £40,000 income?
A £200,000 capital gain on residential property in Northern Ireland with £40,000 salary results in a CGT bill of £46,664 for 2025-26. Capital Gains Tax rates are identical in Northern Ireland to the rest of the UK, 18% (basic rate) and 24% (higher rate) for residential property. After deducting the £3,000 annual CGT allowance, your taxable gain is £197,000. You keep £153,336, giving an effective CGT rate of 23.33%.
Your gain spans both rate bands: £10,270 at 18% (basic rate) and £186,730 at 24% (higher rate).
Capital Gains Tax on residential property uses two rates in 2025-26: 18% for gains within the basic rate band and 24% for gains in the higher rate band. Your income of £40,000 is added first, and your capital gain sits on top.
Frequently asked questions
How much CGT do I pay in Northern Ireland on a £200,000 gain?
In Northern Ireland, CGT is set at UK level, the same rates apply as in England. On a £200,000 capital gain from residential property with £40,000 salary, you pay £46,664 in Capital Gains Tax for 2025-26. The first £3,000 is covered by your annual CGT allowance, leaving a taxable gain of £197,000.
Are CGT rates different in Northern Ireland?
No. Capital Gains Tax is a reserved matter and the same rates apply across the entire UK. For 2025-26: residential property gains are taxed at 18% (basic rate) and 24% (higher rate); shares and other assets at 10% (basic rate) and 20% (higher rate). Northern Ireland's devolved tax powers do not extend to Capital Gains Tax.
How does my £40,000 income affect CGT in Northern Ireland?
Your £40,000 salary uses part of the basic rate band. After subtracting your personal allowance (£12,570), your taxable income is £27,430, leaving £10,270 of basic rate band for your capital gain. Your gain spans both rate bands: £10,270 at 18% (basic rate) and £186,730 at 24% (higher rate).
What is the CGT annual allowance for Northern Ireland in 2025-26?
The Capital Gains Tax annual allowance for 2025-26 is £3,000 in Northern Ireland, the same as across the rest of the UK. This means the first £3,000 of your total capital gains in the tax year is completely tax-free.
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