A Guide to Capital Gains Tax
In 2018, it was estimated that the total net wealth of private households in Great Britain was £14.6 trillion with £5.9 trillion of that in property assets.
If you own assets, such as property, that you want to sell or dispose of, you could be liable for Capital Gains Tax (CGT). However, there can be a lot of confusion around paying CGT, how it is calculated and when it applies.
This article was prepared by Zoe Gibbons, tax specialist and partner at Perrys Chartered Accountants, to continue reading this article then please click here
Source: Property Wire
