Capital Gains Tax

When you make a gain after disposing of an asset, you’ll be aware of the need to pay Capital Gains Tax (CGT). But do you know the full rules around CGT for residential property? If you’re an individual selling your own property – rather than a business selling a property owned by the company – the rules for...

Capital gains tax is paid on the profit you make when you sell an asset that has increased in value.  From 6 April 2018, the amount of profit individuals can earn tax free will increase from £11,300 to £11,700. Married couples and civil partners can use both partners’ annual exempt amounts, raising their total to a combined £23,400....