You may be liable to pay Capital Gains Tax if you make a profit (‘gain’) when you sell (or ‘dispose of’) property that’s not your home, for example:

• buy-to-let properties
• business premises
• land
• inherited property

The rules are different if you:

• sell your home
• live abroad
• are a company registered abroad

When you don’t pay

Generally, you do not need to pay tax on gifts to your husband, wife, civil partner or a charity. You also may not have to pay if the property was occupied by a dependant relative.

Also, you may get tax relief if the property is a business asset.

If you need to pay

You must report and pay any Capital Gains Tax on most sales of UK property within 60 days.

For more information visit gov.uk.