Capital gains tax in the United Kingdom information
UK tax on the gains on capital assets by British individuals
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Taxation in the United Kingdom
UK Government Departments
HM Treasury
HM Revenue and Customs
UK Government
VAT
Income tax
PAYE
National Insurance
Health and Social Care Levy (proposal abolished)
Corporation tax
Capital gains tax
Motoring taxes
Inheritance tax
Stamp Duty
Stamp Duty Reserve Tax
Stamp Duty Land Tax
Annual Tax on Enveloped Dwellings
Insurance Premium Tax
Air Passenger Duty
Petroleum Revenue Tax
Aggregates Levy
Various alcohol- and gambling-related duties
Bingo Duty
Climate Change Levy
Landfill tax
Machine Games Duty
Tobacco Duty
Vehicle Excise Duty
Scottish Government
Revenue Scotland
Scottish income tax
Land and Buildings Transaction Tax
Scottish Landfill Tax
Air Departure Tax
Welsh Government
Taxation in Wales
Welsh Revenue Authority
Welsh Rates of Income Tax
Land Transaction Tax
Landfill Disposals Tax
Local Government
Council Tax
Domestic rates in Northern Ireland
Business rates in England
Business rates in Wales
Business rates in Scotland
Business rates in Northern Ireland
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Capital gains tax in the United Kingdom is a tax levied on capital gains, the profit realised on the sale of a non-inventory asset by an individual or trust in the United Kingdom. The most common capital gains are realised from the sale of shares, bonds, precious metals, real estate, and property, so the tax principally targets business owners, investors and employee share scheme participants.
In the UK, gains made by companies fall under the scope of corporation tax rather than capital gains tax. In 2017–18, total capital gains tax receipts were £8.3 billion from 265,000 individuals and £0.6 billion from trusts, on total gains of £58.9 billion.[1]
The current operation of the capital gains tax system is a recognised issue. The Conservative government consulted on the issue in 2020.[1]
^ ab"Capital Gains Tax review – first report: Simplifying by design". Office of Tax Simplification. GOV.UK. 11 November 2020. Retrieved 28 June 2022.
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