Over 300,000 individuals and businesses paid CGT on gains of £80bn, with the value of assets sold up 19% in 2020-21. Since 2019-20, revenue from CGT has risen by 42% from £10.1bn.

Most CGT came from a small number of taxpayers who made the largest gains. In the 2020-21 tax year, 45% of CGT came from those who made gains of £5m or more. This group represented less than 1% of CGT taxpayers.

Around 8% of CGT came from disposals that qualified for business asset disposal relief (BADR), the replacement for entrepreneurs relief. BADR was claimed by 47,000 taxpayers on £11.9bn of gains, resulting in a total tax charge of £1.1bn. From 11 March 2020, the lifetime limit for the relief was reduced from £10m to £1m. This meant that where a taxpayer had made disposals which met the qualifying conditions for the relief, and where the resulting gains fell above the £1m lifetime limit, the excess gains were charged at the main CGT rates.

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