C · Glossary
Capital gain
The profit when you sell a non-personal asset for more than you paid.
A capital gain is the profit you make when you sell (or "dispose of") a chargeable asset for more than you paid. Chargeable assets include shares, crypto, second properties, business goodwill, and high-value personal items.
Capital Gains Tax is charged on the gain, after deducting the £3,000 annual exempt amount (2025/26) and any allowable costs.
Related terms
Stop dreading tax. Start ignoring it.
Get a fixed-fee quote in 60 seconds. No signup, no card, no sales call. We'll just tell you what it'll cost and how fast we can file it.