Capital gains tax explained What is capital gains tax? Video guide
What is capital gains tax?
Capital gains tax (CGT) is a tax on the increase in value of possessions – such as a second home, antiques or shares – during the time you have owned them. Any tax is due when you dispose of them, usually by selling them or giving them away.
You are allowed to make substantial gains each year before you start to become liable for tax, and some gains are tax-free. We explain these in capital gains tax allowances and rates.
- Tax rates and allowances- check which tax band you are in
- Which? tax calculator- check your 2015-16 tax bill with our tax calculator
- Which? Money Helpline- our experts can help with your tax queries
Which? Limited (registered in England and Wales number 00677665) is an Introducer Appointed Representative of Which? Financial Services Limited (registered in England and Wales number 07239342). Which? Financial Services Limited is authorised and regulated by the Financial Conduct Authority (FRN 527029). Which? Mortgage Advisers and Which? Money Compare are trading names of Which? Financial Services Limited. Registered office: 2 Marylebone Road, London NW1 4DF.