When you do not need to pay CGT?
You only have to pay Capital Gains Tax on your total gains above an annual tax-free allowance.
You do not usually pay tax on gifts to your husband, wife, civil partner or a charity.
What you do not pay CGT it on:
The system is fairly prescriptive but you do not pay Capital Gains Tax on certain assets, including any gains you make from:
- ISAs or PEPs
- UK government gilts and Premium Bonds
- Betting, lottery or pools winnings
What if Someone Dies?