£15,000 Capital Gain After Tax Scotland 2025-26
Shares & Other Assets · £20,000 income · Effective CGT rate: 8.00%
CGT breakdown — Scotland 2025-26
| Item | Amount |
|---|---|
| Total gain | £15,000 |
| CGT annual allowance (tax-free) | −£3,000 |
| Taxable gain | £12,000 |
| Basic rate portion (10%) | £12,000 |
| CGT due | −£1,200 |
| Gain after CGT | £13,800 |
CGT in Scotland — reserved matter
Capital Gains Tax is reserved to the UK Parliament and is not devolved. The CGT rates, annual allowance and reporting rules are identical in Scotland to the rest of the UK. Your entire taxable gain falls within the basic rate band, so it is taxed at 10% (shares and other assets).
2025-26 CGT rates — Shares & Other Assets
How much CGT on a £15,000 gain in Scotland with £20,000 income?
A £15,000 capital gain on shares and other assets in Scotland with £20,000 salary results in a CGT bill of £1,200 for 2025-26. Capital Gains Tax rates are set at UK level and are identical in Scotland — 10% (basic rate) and 20% (higher rate) for shares and other assets. After deducting the £3,000 annual CGT allowance, your taxable gain is £12,000. You keep £13,800, giving an effective CGT rate of 8.00%.
Your entire taxable gain falls within the basic rate band, so it is taxed at 10% (shares and other assets).
Frequently asked questions
How much CGT do I pay in Scotland on a £15,000 gain?
In Scotland, CGT is set at UK level — the same rates apply as in England. On a £15,000 capital gain from shares and other assets with £20,000 salary, you pay £1,200 in Capital Gains Tax for 2025-26. The first £3,000 is covered by your annual CGT allowance, leaving a taxable gain of £12,000.
Are CGT rates different in Scotland?
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). Scotland's devolved Income Tax rates do not affect CGT rates.
Does Scottish Income Tax affect CGT in Scotland?
Scottish Income Tax bands can affect how much basic rate band remains for capital gains, since gains sit on top of income. With £20,000 salary, the calculation uses the UK-wide basic rate band threshold (£50,270 combined income and gains). Note that Scottish taxpayers have different IT thresholds which may mean less basic rate band is available in practice.
What is the CGT annual allowance for Scotland in 2025-26?
The Capital Gains Tax annual allowance for 2025-26 is £3,000 — the same in Scotland 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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