Capital Gains Tax – change to the standard rate
The standard rate of Capital Gains Tax (CGT) has reduced from 33% to 31% for disposals made on or after 7 October 2026.
Chargeable gains subject to the standard rate will continue to be taxed at 33% where the disposal is made up to and including 6 October 2026. The reduced rate of 31% applies where the disposal is made on or after 7 October 2026.
CGT rates other than the standard rate of CGT continue to apply at their current rates – for example, gains on the disposal of development land will continue to be chargeable at 33%. There are also no changes to the pay and file dates for CGT arising on disposals made in 2026.
Returns of chargeable gains arising to individuals in the 2026 tax year must be made on or before 31 October 2027. The 2026 versions of the relevant returns, which will reflect the CGT rate change, will be available in early 2027.
Revenue is currently updating the CT1 2026 application to reflect the CGT rate change. The return facility will remain available, so companies wishing to file can continue to do so. If you file during this period and your return includes disposals to which the reduced CGT rate applies, you will need to amend your return once the update is complete.