You need to pay capital gains tax (CGT) when you profit from selling valuable assets such as shares, cryptocurrencies, art, or property.
For the 2017/2018 tax year capital gains are taxed at:
Individuals have an £11 300 capital gains tax allowance. This means your capital gains up to £11 300 are tax free.
Normally you don't have to pay any capital tax on selling your main home.
|Type of asset||Basic rate||Higher rate|
|Allowance for||Annual exempt amount|
If you need to quickly see how much tax you need to pay view our capital gains tax calculator.
Get your self assessment prepared for you online by certified accountants for £99
Our online tax-bot will go over your tax situation and will make sure you won’t overpay your taxes.
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We’ll tell you exactly what documents you need and sort them for you online. You just upload them or snap a picture with your phone.
Your certified accountant will go over your details & prepare your tax return for you to review. It will be filed on your behalf once you approve it.
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At TaxScouts we appreciate that tax returns are highly individual. Before you get assigned an accountant we make sure to understand your circumstances and help you build your optimal tax profile.