Capital Gains

If, when you sell or give away an asset it has increased in value, you may be taxable on the ‘gain’ (profit). This doesn’t apply when you sell personal belongings worth £6,000 or less or, in most cases, your main home.

You may have to pay Capital Gains Tax if, for example, you:

sell, give away, exchange or otherwise dispose of (cease to own) an asset or part of an asset
receive money from an asset - for example compensation for a damaged asset

You don’t have to pay Capital Gains Tax on:

your car
your main home - provided certain conditions are met
ISAs or PEPs
UK government gilts (bonds)
personal belongings worth £6,000 or less when you sell them
betting, lottery or pools winnings
money which forms part of your income for Income Tax purposes

We are able to offer advice and assistance with capital gains tax planning and capital gains tax calculations.

Personal Tax Services

Capital Gains