What do I pay Capital Gains Tax (CGT) on?

a) You must pay Capital Gains Tax on gains made from the disposal of capital assets, e.g. shares and property assets.

b) Gifts may also attract Capital Gains Tax for the donor as the gift is deemed to be a sale at market value.

c) Capital gains tax is automatically due under our Self Assessment tax rules. These rules apply to PAYE earners even if they are not in the Self Assessment Income Tax system.