Capital Gains Tax is a tax on the gain you make when you sell your UK property (You
need to let Her Majesty’s Revenue and Customs (HRMC) know of your property disposal).
The 2018/2019 Capital Gains tax rate is 18% for individual and 20% for company.
The Capital Gains tax-free allowance is￡11,700. Joint owners who are married will
each be entitled to the tax free allowance of ￡11,700.
Calculation of Capital Gains Tax example:
Capital gain ￡15,700
Less Tax-free allowance ￡11,700
Taxable income (residential property) ￡4,000
￡4,000 x 18%
You pay ￡720 capital gains tax