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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. The gain you make is taxed, not the amount of money you receive. 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.