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What Capital Gains Tax (CGT) is, how to work it out, current CGT rates and how to pay.

• Overview

  Capital Gains Tax is a tax on the profit when you sell (or ‘dispose of’)…

• What you pay it on

  You pay Capital Gains Tax on the gain when you sell (or ‘dispose of’):…

• Capital Gains Tax allowances

  You only have to pay Capital Gains Tax on your overall gains above your…

• Gifts to your spouse or charity

  There are special rules for Capital Gains Tax on gifts or assets you…

• Work out if you need to pay

  You need to pay Capital Gains Tax when you sell an asset if your total…

• Reporting and paying Capital Gains Tax

  You do not get a bill for Capital Gains Tax. You must work out if your…

• Capital Gains Tax rates

  You may pay a different rate of tax on gains from residential property…

• If you make a loss

  You can report losses on a chargeable asset to HM Revenue and Customs…

• Record keeping

  You need to collect records to work out your gains and fill in your tax…

• Market value

  Your gain is usually the difference between what you paid for your asset…

Claim capital allowances so your business pays less tax when you buy assets - equipment, fixtures, business cars, plant and machinery, annual investment allowance, first-year allowances.

• Overview

  Capital allowances are a type of tax relief for businesses. They let you…

• What you can claim on

  You can claim capital allowances on items that you keep to use in your…

• Annual investment allowance

  You can deduct the full value of an item that qualifies for annual…

• 100% first-year allowances

  If you buy an asset that qualifies for 100% first-year allowances you can…

• The super-deduction and 50% special rate first-year allowance

  Only companies can claim the super-deduction and 50% special rate…

• Full expensing and 50% first-year allowance

  Only companies can claim full expensing and the 50% first-year allowance.…

• Business cars

  You can claim capital allowances on cars you buy and use in your business.…

• How to claim

  Claim capital allowances on your: Self Assessment tax return if you’re a…

On 1 October 2013, CfEL transferred its operations and staff to the Department for Business, Innovation and Skills (BIS) to be part of the British Business Bank programme . Capital for Enterprise Limited (CfEL) was the government’s main delivery agency...

• Updated: 15 April 2021

Form and guidance for capital payments and receipts return (CPR).

Guidance and forms covering how to claim capital allowances. Including allowances for structures, buildings, plant and machinery, and selling assets.

• Updated: 5 February 2024

Find out how the VAT Capital Goods Scheme (CGS) works, the items covered by the scheme, the rules and how adjustments and disposals are affected.

• Updated: 29 December 2020

An overview of school capital funding, who it’s for, current and past allocations, how it’s calculated and spending guidance.

• Updated: 20 May 2025

What items are available, how to apply for them and how to manage your funding agreement.

• Updated: 1 August 2025

Use the Capital Goods Scheme if you reclaim VAT on capital items like expensive land, property or computer equipment.

• Updated: 18 June 2018

Selling or giving away an asset you claimed capital allowances on - balancing charges, balancing allowances, closing your business, how to claim and pay tax on your tax return