Capital Gains Tax (CGT) put simply, means the profits made from the sale of something you own like an investment.

Outside of accounts that have tax benefits such as a Dodl ISA, Lifetime ISA or Pension, you’ll have to pay CGT on any profits beyond your annual tax allowance. This tax can apply to profits made within the Dodl general investment account (GIA).

As of 30 October 2024, the rates are as follows:

The capital gains tax allowance for the current tax year (2024/25) is £3,000.

If you hold a general investment account with Dodl, after each tax year you’ll receive an annual tax summary in the app which will detail any dividends, interest, gains, and losses you have made in the previous tax year.

You can find out more on the government’s website here.