Help & Advice
Capital gain
Capital Gains Tax is a tax on the profit when you sell (or ‘dispose of’) something (an ‘asset’) that’s increased in value.
It’s the gain you make that’s taxed, not the amount of money you receive.
You only have to pay Capital Gains Tax on your overall gains above your tax-free allowance (called the Annual Exempt Amount).
The Capital Gains tax-free allowance is:
£12,300
£6,150 for trusts
https://www.gov.uk/capital-gains-tax/allowancesEntrepreneurs’ Relief (ER)