Capital Gains Tax

Business Asset Disposal Relief (formerly known as Entrepreneurs' Relief) allows you to pay a lower rate of Capital Gains Tax when you sell all or part of your business, or certain business assets. Instead of paying CGT at the standard rates of 18% or 24%, qualifying disposals are taxed at just 10%,...

5 min read

If you're married or in a civil partnership, you can transfer assets to your spouse or civil partner without triggering a Capital Gains Tax (CGT) bill. This special rule opens up valuable planning opportunities to use both partners' annual exemptions and lower tax rates, but t...

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Capital gains Tax (CGT) applies when you sell or dispose of personal possessions, but HMRC provides a useful exemption for items worth up to £6,000. Understanding these rules can help you work out whether you need to report a disposal and pay tax on valuable items like artwork, antiques, jewellery,...

5 min read

When you sell shares outside tax-advantaged accounts like ISAs, you may need to pay Capital Gains Tax on any profit. The rules for calculating your gain are more complex than for other assets, because shares require special "matching rules" to determine which shares you've sold and at what cost,...

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Capital Gains Tax (CGT) is a tax on the profit you make when you sell or dispose of something that has increased in value. It's the gain you make that's taxed, not the total amount you receive. Understanding when CGT applies and how much you might owe is essential for landlords, business owners,...

4 min read

When you sell a property in the UK, you may need to pay Capital Gains Tax (CGT) on any profit you make — unless it's your main home and qualifies for full relief. If you do owe tax, you must report and pay it within 60 days of the sale. This article explains how CGT applies to property sales, what...

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When someone dies, their assets generally receive an 'uplift' in value for Capital Gains Tax purposes, meaning no CGT is charged on gains made during the deceased person's lifetime. However, CGT may apply to gains made during the administration of the estate, and beneficiaries...

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