Capital gains tax

Capital gain tax is a tax on the profit when you sell something that is increased in value. Capital gain tax has to be paid on items which are sold at a substantial profit, Antiques, Shares, Precious metals and second homes. Generally it is a tax you paying on gains you make on a disposal of assets.

Disposing of an asset may include:

  • Selling it
  • giving it away as a gift
  • Swapping it for something else
  • getting compensation¬† for it – such as insurance payout if it is lost or stolen.
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