Capital Gains

In simple terms, a capital gain is the difference between the cost of an asset and the price you sold for.

For example:
If you sell a property for more than you paid for it, it's classed as a capital gain. 
 

You pay Capital Gains Tax on the gain when you sell:

• A property that isn't your main home
• Your main home if you've let it out, used it for business or it's very large
• business assets