Capital gains tax (CGT)
You won't have to pay CGT if the total capital gains are less than the current threshold. You pay tax on your taxable CGT gains at 10 per cent, 20 per cent or 40 per cent, depending on your level of other income.
You won't have to pay CGT on:
- Private cars
- Investments held within a PEP, ISA or Child Trust Fund
- National Savings Certificates
- SAYE schemes
- Life insurance policies
- Pension plans

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Latest news
Statutory legacy to increase 29 August 2008
Married couples and civil partners whose spouse or civil partner dies without leaving a will are to benefit from an increase in the statutory legacy under new Government proposals.
- Government told to simplify CGT 21 August 2008
- Wiping out inheritance tax 20 August 2008
- Inheritance tax confusion costs millions
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Tax planning in depth
Tax on the internet 4 March 2008
Martin Fagan explains where you can find tax advice online
- Improving efficiency 25 February 2008
- Planning to pass it on 4 February 2008
- Your pension pot of gold 30 October 2007
Guides
Guide to inheritance tax 21 January 2008
Paul Wilcox, chairman and technical director, WAY Group outlines the basics of inheritance tax.
- Live webchat: Inheritance tax 12 September 2007
- Make sure you don't pay hidden tax on investments 17 April 2007
- Use your capital gains tax allowance 17 April 2007
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