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What is Capital Gains Tax?

Capital Gains Tax (CGT) is a tax on profits from the sale of investments or assets. It is only triggered when an asset is sold, not while it’s held in your account. You are allowed to make a certain amount of profit before you pay CGT. ISAs and pensions are exempt from CGT. If you have questions about whether you may have to pay CGT, please speak to a tax specialist or HM Revenue & Customs.

For more information refer to our Capital Gains Tax guide.