1. What you pay it on
You may have to pay Capital Gains Tax if you make a profit (‘gain’) when you sell (or ‘dispose of’) property that’s not your home, for example:
- buy-to-let properties
- business premises
- inherited property
You’ll need to work out your gain to find out whether you need to pay tax.
When you don’t pay
You don’t usually need to pay tax on gifts to your husband, wife, civil partner or a charity.
You may get tax relief if the property is a business asset.
If the property was occupied by a dependent relative you may not have to pay. Find out more in the guidance on Private Residence Relief.