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’) shares or other investments.
Shares and investments you may need to pay tax on include:
- shares that aren’t in an ISA or PEP
- units in a unit trust
- certain bonds (not including Premium Bonds and Qualifying Corporate Bonds)
When you don’t pay it
You don’t usually need to pay tax if you give shares as a gift to your husband, wife, civil partner or a charity.
You also don’t pay Capital Gains Tax when you dispose of: