Capital Gains Tax is essentially when you are taxed for the profits (gains) you make when you sell, give away or ‘dispose’ of something you own that has increased in value.
This can include selling shares, transferring a property to someone else, exchanging an asset for something else or receiving compensation.
However, the actual amount of Capital Gains Tax you will have to pay will varies depending on your tax-free allowance and any other additional reliefs you may have taken.
If you are struggling to assess your potential Capital Gains Tax liabilities, our team can help. Harnessing our years of experience in this field, we can help you to minimise these costs.