What it applies to
- Second properties and investment property.
- Shares held outside an ISA or pension.
- Some business assets.
- Personal possessions above a value threshold.
Reliefs and allowances
There is an annual tax-free allowance, and reliefs exist for some business sales and your main home. The rates depend on the asset and your income.
Frequently asked questions
Is my main home taxed?+
Your main residence usually qualifies for relief, so most home sales are exempt. Check the current allowance and rules on GOV.UK.