Capital Gains Tax (CGT) on property is the tax you pay when you sell or dispose of property that’s increased in value—like a second home, buy-to-let, or land in the UK. Your main home is usually exempt, but there are exceptions. You’re taxed on the ‘gain’ (the profit you make), not the total sale price.
The rate you pay depends on your overall taxable income and the type of property. Deadlines for reporting and paying CGT on property are strict, so be sure to notify HMRC promptly when you make a sale.