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Knowledge Base Capital Gains Tax Personal Possessions and Other Assets

Personal Possessions and Other Assets

Capital Gains Tax on selling personal items, collectibles, and other miscellaneous assets.

Capital Gains Tax on Personal Possessions

Most personal possessions you sell won't trigger a tax bill. However, if you sell items like jewellery, artwork, antiques or collectibles for £6,000 or more, you may need to pay Capital Gains Tax on any profit you make. Understanding when this tax applies can help you avoid un...

4 min read

Do I Need to Tell HMRC About Income from Online Platforms?

If you're making money through eBay, Vinted, Etsy, Airbnb or similar platforms, you may need to tell HMRC — even if it's just a side hustle. The rules depend on what you're selling, how much you've earned, and whether you're trading. In many cases, selling your own unwanted be...

5 min read

Do I Pay Capital Gains Tax on Cryptocurrency?

If you've been buying, selling, or spending cryptocurrency like Bitcoin or Ethereum, you probably need to pay Capital Gains Tax on any profits you make. HMRC treats cryptoassets (also known as cryptocurrency) like other assets such as shares or property, and you'll owe tax if...

5 min read

How to Report and Pay Capital Gains Tax on Cryptoassets

When you dispose of cryptoassets like Bitcoin, NFTs, or other tokens, you may need to pay Capital Gains Tax on any profit you make. If you haven't reported these gains to HMRC or paid the tax due, you need to either include them on your Self Assessment tax return or make a vol...

6 min read