Capital gains tax (CGT) is levied when you sell or give away an asset that has increased in value.

We will help you to navigate the complex rules relating to CGT.

There are exemptions from CGT, including:

  1. the transfer of assets between married couples and civil partners
  2. the profit on the sale of a principal residence
  3. gifts to charities (where these are treated as regain/no loss)
  4. privately-owned cars and personal belongings where the sale proceeds are less than £6,000.

However, the sale of a second home, shares or other property, such as antiques or jewellery, which has gained in value, is likely to be liable to CGT.

UK residents are subject to Capital Gains Tax on sales of their assets wherever the asset is located.  Non-UK residents are subject to Capital Gains Tax in specified situations