You are using an outdated browser. Upgrade your browser today for a better experience of this site and many others.
Capital gains tax is the amount tax individuals or companies pay when they sell, exchange, gift or transfer an asset they own.
Capital gains tax may also be due when you receive compensation for an asset that has been destroyed such insurance payments. Assets include shares or properties however, some assets are not liable to CGT.
Assets such as property rented out, a second home, business premises or land are liable to CGT when you dispose of them. There is an annual tax free allowance known as annual exemption.
If you would like more information or would like to speak to us direct then call us on +441494521687. Or if you would prefer, ask us a question online.
06 Dec 2025
Chancellor of the Exchequer Rachel Reeves set out tax-raising measures worth up to £26 billion in the Autumn Budget.
HMRC is urging those making money from Christmas crafts, seasonal market stalls, or selling festive items to check if they need to report their earnings.