What Is Capital Gains Tax (CGT) and When Does It Apply?

Capital Gains Tax is charged on the profit you make when you sell, give away or otherwise dispose of an asset that has increased in value since you acquired it. It applies to most assets, including property other than your main home, shares and investments, business assets and land. It does not apply to the sale of your main home in most circumstances, ISA holdings, or most personal possessions below a certain value.