Rates & allowances · 2026/27
Key figures for 2026/27
The numbers that matter when you have a loss, each checked against GOV.UK. The tax year runs from 6 April 2026 to 5 April 2027.
| Figure | Value | Notes and source |
|---|---|---|
| Capital Gains Tax annual exempt amount (individuals) 2026/27 |
£3,000 | Also for personal representatives and trustees for disabled people. Brought-forward losses are only used down to this amount; an unused allowance can’t be carried forward. GOV.UK: Capital Gains Tax rates and allowances TCGA 1992 section 1K Checked 4 October 2026 |
| Capital Gains Tax rates for individuals 2026/27 |
18% and 24% | 18% on gains that fall within your unused basic rate band, 24% above it. GOV.UK: Capital Gains Tax rates and allowances GOV.UK: Capital Gains Tax rates Checked 4 October 2026 |
| Cap on certain income tax reliefs (including sideways loss relief) 2026/27 |
£50,000 or 25% | The greater of £50,000 and 25% of adjusted total income. Doesn’t apply to losses set against profits of the same trade or property business. Income Tax Act 2007 section 24A HMRC helpsheet HS204 (2026) Checked 4 October 2026 |
| Making Tax Digital for Income Tax: qualifying income threshold from 6 April 2026 2026/27 |
£50,000 | Based on qualifying income (self-employment and property turnover) in the 2024/25 tax return. GOV.UK: Find out if and when you need to use Making Tax Digital for Income Tax Checked 4 October 2026 |
| Capital Gains Tax annual exempt amount (most trustees) 2026/27 |
£1,500 | Half the individual amount; shared where one settlor has made several trusts. GOV.UK: Capital Gains Tax rates and allowances Checked 4 October 2026 |
| Business Asset Disposal Relief and Investors’ Relief rate 2026/27 |
18% | For qualifying disposals from 6 April 2026 (it was 14% in 2025/26). GOV.UK: Capital Gains Tax rates and allowances GOV.UK: Business Asset Disposal Relief — eligibility Checked 4 October 2026 |
| Self Assessment: report gains if total disposal proceeds exceed 2026/27 |
£50,000 | Applies from 2023/24 for people registered for Self Assessment, even if gains are below the allowance. There are different rules for reporting a loss. GOV.UK: Capital Gains Tax — work out if you need to pay Checked 4 October 2026 |
| Non-active traders and limited/non-active partners: annual cap on sideways relief 2026/27 |
£25,000 | "Non-active" means less than an average of 10 hours a week on the trade’s commercial activities. Income Tax Act 2007 section 74A Income Tax Act 2007 section 103C Checked 4 October 2026 |
| Making Tax Digital for Income Tax: threshold from 6 April 2027 2027/28 |
£30,000 | Based on qualifying income in the 2025/26 tax return. GOV.UK: Find out if and when you need to use Making Tax Digital for Income Tax Checked 4 October 2026 |
| Making Tax Digital for Income Tax: threshold from 6 April 2028 2028/29 |
£20,000 | Based on qualifying income in the 2026/27 tax return. GOV.UK: Find out if and when you need to use Making Tax Digital for Income Tax Checked 4 October 2026 |
| Personal Allowance 2026/27 |
£12,570 | Reduced by £1 for every £2 of adjusted net income over £100,000; nil from £125,140. GOV.UK: Income Tax rates and Personal Allowances Checked 4 October 2026 |
| Basic rate band (England, Wales and Northern Ireland) 2026/27 |
£37,700 | Taxable income above the Personal Allowance. Scotland has different income tax bands. GOV.UK’s 2026/27 Capital Gains Tax examples use this £37,700 band. GOV.UK: Income Tax rates and allowances for current and previous tax years GOV.UK: Capital Gains Tax rates Checked 4 October 2026 |
| Corporation Tax main rate (profits over £250,000) FY2026 |
25% | Financial year starting 1 April 2026. Marginal relief applies between £50,000 and £250,000. GOV.UK: Corporation Tax rates and allowances Checked 4 October 2026 |
| Corporation Tax small profits rate (profits under £50,000) FY2026 |
19% | Financial year starting 1 April 2026. Thresholds are reduced for short periods and associated companies. GOV.UK: Corporation Tax rates and allowances Checked 4 October 2026 |
| Companies: deductions allowance for carried-forward losses FY2026 |
£5 million | Per 12-month period, shared across a group. Above it, carried-forward losses can only cover 50% of remaining profits. HMRC Company Taxation Manual CTM04830 Corporation Tax Act 2010 section 269ZR Checked 4 October 2026 |
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