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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…

Find out about trade agreements that can be used now.

• Updated: 7 February 2025

Understand your Self Assessment tax bill - your tax calculation, statement, balancing payments, payments on account.

• Overview

  When you submit a Self Assessment tax return, you’ll get a: Self…

• Self Assessment statement

  Your Self Assessment statement shows: the tax you owe at the time the…

• Tax calculation (SA302)

  Your tax calculation (SA302) shows: your total income on which tax is due…

• Payments on account

  ‘Payments on account’ are payments towards your next tax bill (including…

How VAT works, what VAT is charged on, VAT thresholds and VAT schemes.

When you start repaying your student loan, your monthly repayments, what to do if you have 2 jobs or are self-employed, how to get a refund if you've overpaid.

The range of prison sentences a court can give - including suspended, fixed-term, indeterminate and life sentences.

How to open a Junior ISA for your child - including managing and adding money to an account.

VAT and other taxes on shopping and services, including tax-free shopping, energy-saving equipment and mobility aids.

How to use a before-and-after study to evaluate your digital health product.

• Updated: 30 January 2020

There is a limit on the total amount of benefit that most people aged 16 to under State Pension age can get - benefits affected, benefit cap amount.