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:
You don’t have to pay Capital Gains Tax on:
We are able to offer advice and assistance with capital gains tax planning and capital gains tax calculations.
Contact us for a free no obligation meeting