Capital Gains Tax is a tax applied to any profit or gain that is made when you sell, give away or otherwise dispose of an asset that you own.   Assets that would be exempt from this are your car, your home and personal possessions.

Capital Gains Tax can also be applied to gifts, inheritance or if a transfer of assets takes place due to relationship breakdown.
There are annual tax free allowances that can be applied.

So consult CMA today to keep the tax man away.