- Project plans
- Project activities
- Legislation and standards
- Industry context
Last edited 17 Sep 2019
When an asset is sold (or disposed of) at a profit (ie the difference between the sale price and the original purchase price), the seller is said to have made a capital gain and may be liable to pay capital gains tax on the profit.
Capital gains example:
- An art collector sells a painting for £750,000.
- They originally bought it 10 years previously for £250,000.
- Therefore, they have made a profit (capital gain) of £500,000 and will be liable to pay capital gains tax on that £500,000 (assuming there are no allowances or exemptions in force).
- Most personal possessions worth more than the threshold, apart from a car.
- Property that is not a main home.
- A main home if it has been let out, used for business or is very large.
- Shares that are not in an ISA or PEP.
- Business assets.
For more information see: Capital gains tax.
 Related articles on Designing Buildings Wiki
Featured articles and news
A quick introduction to a very complicated subject.
CIOB suggests the economic reach of construction is double the official figures.
The first US building to achieve BREEAM Outstanding In-Use.
70 buildings from 70 years of Concrete Quarterly. Book review.
Conserving the iron roof at the Albert Dock.
Delivering an infrastructure revolution.
The admissibility of evidence.
How many can you name? 37 anyone?
CIOB respond to the points-based system.
When is the weather considered 'exceptionally adverse'?
ECA backs call for a rolling programme of rail electrification.