To ensure social distancing measures are maintained, Modus Property staff are temporarily working remotely from home. During this time our central phoneline service is reduced, so please use our email address hello@modus-property.com ,or website booking form to get in-touch with our team.

We would like to thank you for your patience, and apologise for any inconvenience this may have caused.

Gains Tax

When you sell your property you must pay Capital Gains Tax on any profits that you make over and above your Annual Exempt Amount. This is currently £11,850. The rate at which you pay tax will depend on whether you are a basic or higher rate taxpayer and how much profit you have made.

Basic Rate Taxpayers

You will pay either 18% or 28% tax on your gains. How much you will pay depends on the size of your gain and your taxable income.

  • Work out how much taxable income you have earned. This is your income less your personal allowance and any other allowances that you are entitled to.
  • Then work out your taxable gains.
  • Deduct your Annual Exempt Amount from these.
  • Add this amount to your taxable income.
  • If the final amount is within the basic Income Tax band for the tax year, you will pay 18% Capital Gains Tax. You’ll pay 28% on any amount above this.

For further information visit


Get in touch

Modus Property Limited

Modus House, 100a Wakefield Road, Lepton, Huddersfield, West Yorkshire, United Kingdom, HD8 0DL

Phone: +44 (0)1484 971065

Email: hello@modus-property.com