If you sell a property in the UK, you might need to pay Capital Gains Tax (CGT) on the profits you make. Capital gains tax is not payable if you sell your main home but will be payable on the sale of second homes, inherited homes and buy-to-let property. Capital Gains Tax is a tax on the profit when you sell or 'dispose of' something that is an 'asset' and that has increased in value and you've made a capital gain. Some assets are tax-free.

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