How much capital gains tax do I pay in the UK?

For disposals of shares, funds, and ETFs in 2026/27, taxable gains are generally charged at 18% to the extent they fall within the unused basic-rate band and 24% above it. The individual annual exempt amount is £3,000.

What is the capital gains tax allowance for 2026/27?

The individual annual exempt amount for the 2026/27 tax year is £3,000. It was £6,000 in 2023/24 and £12,300 in 2022/23.

How does the 30-day bed and breakfast rule work?

If you sell shares and repurchase shares of the same type within 30 days, the sale is matched with the subsequent purchase for CGT purposes. This anti-avoidance rule prevents investors from selling to realise a loss and immediately rebuying. FiscalFox applies this rule automatically.

Do I need to file SA108 for capital gains?

If you are registered for Self Assessment, you generally need to report gains when taxable gains exceed the annual exempt amount, when total disposal proceeds exceed £50,000 for 2023/24 onwards, or when you need to claim allowable losses or make another capital gains claim.

What does FiscalFox calculate for UK shares?

FiscalFox is a specialist UK capital gains tax calculator for share investors. It applies same-day matching, the 30-day bed and breakfast rule, and Section 104 pooling, then generates SA108-ready supporting reports. It has 13 built-in imports: Vanguard, Hargreaves Lansdown, Freetrade, Trading 212, eToro, InvestEngine, Moneybox, Saxo Bank, Interactive Brokers, Robinhood, Revolut, AJ Bell, and IG.

How do I report share sales to HMRC?

Share sales are reported on the SA108 supplementary pages of your Self Assessment tax return. You need to calculate the gain or loss on each disposal using HMRC's share matching rules, then enter the totals on SA108. The deadline is 31 January following the end of the tax year. FiscalFox can generate the SA108 schedules automatically from your broker export files.

Do I need to pay capital gains tax if my gains are under GBP 3,000?

If your total taxable gains are under the annual exempt amount, you do not owe CGT on those gains. If you are registered for Self Assessment, you may still need to report when total disposal proceeds exceed GBP 50,000 for 2023/24 onwards, or to claim allowable losses.

How do I calculate capital gains on shares?

Capital gains on shares are calculated as disposal proceeds minus allowable costs. HMRC requires same-day matching first, then acquisitions in the following 30 days, then Section 104 pooling. FiscalFox automates imported transaction matching and the current-year estimate. A brought-forward capital-loss balance must currently be applied separately.

What is the Section 104 pooling rule?

The Section 104 pool is a running average cost calculation for shares of the same type. When you buy shares, the cost is added to the pool. When you sell shares not matched by the same-day or 30-day rules, the cost is calculated as a proportion of the total pool cost based on the number of shares sold.

What are the current UK CGT rates?

From 30 October 2024: 18% for basic rate taxpayers and 24% for higher/additional rate taxpayers on shares and other assets. Before 30 October 2024: 10% and 20% respectively. Residential property has different rates.

What is the same-day rule for capital gains?

The same-day rule requires that if you sell shares and buy shares of the same type on the same day, the sale is matched with the same-day purchase for CGT purposes, regardless of the order of transactions during the day.

Can I carry forward capital losses?

Yes. If your capital losses exceed your capital gains in a tax year, you can carry forward the excess losses to offset against future capital gains indefinitely. You must report the losses to HMRC within 4 years of the end of the tax year in which they arose.

Is it really free to start?

Yes. Capital gains calculations are completely free, including calculations across multiple broker files. The one-time £29.99 payment is only needed to download the HMRC report pack, and unlocks the selected tax year plus earlier years in the calculation. There is no subscription.

Do you support my broker?

FiscalFox has 13 built-in broker imports: Vanguard, Hargreaves Lansdown, Freetrade, Trading 212, eToro, InvestEngine, Moneybox, Saxo Bank, Interactive Brokers, Robinhood, Revolut, AJ Bell, and IG. Other supported transaction files can use the opt-in AI import path after sign-in and consent.

Does FiscalFox apply HMRC share matching rules and protect data?

FiscalFox applies same-day, following-30-day and Section 104 matching in HMRC's prescribed order. Built-in broker parsing runs in the browser where possible; signed-in storage and opt-in AI parsing are described in the privacy policy. FiscalFox is a calculation tool, not tax advice or an HMRC submission.

When did CGT rates change in the UK?

The most recent change was on 30 October 2024, when the Autumn Budget increased CGT rates on shares from 10%/20% to 18%/24%. The annual exempt amount was reduced from £12,300 to £6,000 in April 2023, and further reduced to £3,000 in April 2024.

How do I know FiscalFox's calculations are correct?

FiscalFox applies the exact same share-matching rules HMRC uses to verify Self Assessment returns: same-day matching, 30-day bed and breakfast rules, and Section 104 pooling, in the correct priority order. Every disposal is traced and the calculations are defensible if you are ever questioned.

When do I need to pay for the report pack?

The free tier lets you calculate and view your capital gains on-screen. Pay £29.99 only when you want the downloadable HMRC-ready PDF and CSV report pack. The payment unlocks the selected tax year and every earlier year contained in the calculation.

Is there a subscription?

No. The report pack is a one-time £29.99 payment with no recurring charge. You can download the unlocked reports again whenever you need them.

What happens if my capital gains are wrong on my tax return?

If HMRC finds an error in your Self Assessment, you pay the extra tax plus interest, and a careless mistake can carry a penalty of up to 30% of the underpaid tax. Most DIY errors come from missing the same-day and 30-day matching rules. FiscalFox applies them automatically and keeps the workings behind every disposal so you can evidence your figures.

Does FiscalFox support AJ Bell transaction history CSV files?

Yes. FiscalFox has built-in support for AJ Bell Transaction History CSV files containing Date, Transaction, Description, Quantity, Price, Amount (GBP), and Reference fields.

Should I upload the AJ Bell Annual tax summary?

No. FiscalFox needs the row-level Transaction History CSV to rebuild acquisitions, disposals, fees, and Section 104 pools. Keep the AJ Bell Annual tax summary as separate supporting information.

Does FiscalFox handle AJ Bell fund equalisation?

FiscalFox preserves recognised equalisation and accumulation-distribution rows as fund-cost adjustments or review items. Review these rows because their treatment depends on the fund and the acquisition history.

AJ Bell Capital Gains Tax Calculator

FiscalFox imports the original AJ Bell Transaction History CSV from a taxable Dealing account. It converts purchases and sales into UK CGT transactions, imports supported dividend rows, preserves fund equalisation and accumulation-distribution evidence, and applies HMRC's same-day, 30-day, and Section 104 matching rules.

How to generate the AJ Bell transaction history report

Use AJ Bell's row-level transaction history rather than a valuation or summary document. Menu names can vary between the website and app, so use the web account view when possible and look for Transaction History within the selected Dealing account.

Open the taxable account: Sign in to AJ Bell and select the Dealing account that contains the taxable investments.
Open Transaction History: Use the account transaction-history view rather than Documents, portfolio valuation, quarterly statement, costs statement, or Annual tax summary.
Choose the complete period: Include the earliest relevant acquisition through the end of the tax year, especially where older purchases remain in the Section 104 pool.
Download CSV: Download the original row-level Transaction History CSV and leave its headers unchanged.
Upload to FiscalFox: Choose AJ Bell and upload the CSV. Review any fund equalisation or accumulation adjustments before relying on the final report.

Transaction History and Annual tax summary serve different purposes

AJ Bell confirms that Dealing account customers receive an Annual tax summary under Documents. FiscalFox does not use that summary as a substitute for the dated transaction history needed to reconstruct UK share pools and individual disposals.

See AJ Bell's official explanation of its Annual tax summary. Keep that document with your records, but upload the original Transaction History CSV to FiscalFox.

AJ Bell file format

The supported transaction-history layout normally includes:

Date and Reference for the broker event
Transaction for Purchase, Sale, Dividend, Equalisation, or another activity label
Description and, where provided, ISIN for security identity
Quantity, Price, and Amount (GBP) for the transaction economics

Upload the original CSV unchanged. A cash statement or portfolio summary may contain amounts and investment names but does not provide the same evidence as the supported transaction-history header.

How AJ Bell rows are processed

AJ Bell row	FiscalFox treatment
Purchase / Sale	Acquisition or disposal using the broker's GBP total and dealing evidence
Dividend	Dividend income record where the file supplies a usable GBP amount
Equalisation	Preserved as a potential return-of-capital adjustment linked to fund acquisitions
Accumulation distribution	Income plus a potential CGT cost adjustment, retained for review and audit evidence

Common AJ Bell upload issues

Only the tax-year transactions were exported

A sale can depend on acquisitions made years earlier. Export enough history to establish the complete holding, or add an opening position with units and pooled cost before calculating.

A summary or cash statement was uploaded

Re-export the Transaction History CSV. FiscalFox checks for the supported AJ Bell transaction fields instead of guessing trade direction from a general cash ledger.

Fund adjustments require review

Equalisation and accumulation distributions can alter income and allowable cost. FiscalFox retains these rows and links deterministic adjustments where the evidence is sufficient, but the report should not be finalised while a related review item remains unresolved.

Calculate and download your report

Open the FiscalFox calculator and choose AJ Bell.
Upload the original Transaction History CSV and review imported transactions and fund adjustments.
Select the relevant UK tax year and resolve any missing opening position or security identity.
Open Reports to generate the SA108 supporting schedule and detailed disposal workings.