Capital Gains Tax Basics

When you sell something that's increased in value — whether that's a buy-to-let property, shares, or business assets — you may need to pay Capital Gains Tax (CGT) on the profit you make. The good news is that you have a tax-free allowance each year, and the rate you pay depend...

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Whether you need to pay Capital Gains Tax depends on three key questions: what you've sold, how much profit you've made, and whether that profit exceeds your tax-free allowance. This article walks you through the decision-making process to help you work out if you owe Capital...

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If you've sold assets at a loss, you can use those losses to reduce the Capital Gains Tax you owe on profitable sales — both in the current tax year and in future years. Understanding how to claim and carry forward losses can significantly reduce your tax bill, but you need to...

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Capital Gains Tax (CGT) is a tax you pay on the profit you make when you sell or dispose of an asset that has increased in value. You only pay tax on the gain itself, not on the total amount you receive, and only if your total gains for the year exceed your tax-free allowance....

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Keeping accurate records is essential when it comes to Capital Gains Tax. You need to maintain detailed documentation about your assets from the moment you acquire them until you sell or dispose of them, and for several years afterwards. Without proper records, you won't be ab...

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