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  1. Dictionary
    capital gains tax
    /ˌkapɪtl ˈɡeɪnz ˌtaks/

    noun

    • 1. a tax levied on profit from the sale of property or an investment.

    Powered by Oxford Dictionaries

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  3. www.gov.uk › capital-gains-taxCapital Gains Tax: what you pay it on, rates and allowances

    Capital Gains Tax is a tax on the profit when you sell (or ‘dispose of’) something (an ‘asset’) that’s increased in value. It’s the gain you make that’s taxed, not...

  4. www.gov.uk › capital-gains-tax › ratesCapital Gains Tax: what you pay it on, rates and allowances

    • If you pay higher rate Income Tax
    • If you pay basic rate Income Tax
    • If you’re a trustee or business
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    If you’re a higher or additional rate taxpayer you’ll pay:

    •28% on your gains from residential property

    See full list on gov.uk

    If you’re a basic rate taxpayer, the rate you pay depends on the size of your gain, your taxable income and whether your gain is from residential property or other assets.

    1.Work out how much taxable income you have - this is your income minus your Personal Allowance and any other Income Tax reliefs you’re entitled to.

    2.Work out your total taxable gains.

    3.Deduct your tax-free allowance from your total taxable gains.

    4.Add this amount to your taxable income.

    5.If this amount is within the basic Income Tax band you’ll pay 10% on your gains (or 18% on residential property). You’ll pay 20% (or 28% on residential property) on any amount above the basic tax rate.

    See full list on gov.uk

    Trustees or personal representatives of someone who’s died pay:

    •28% on residential property

    •20% on other chargeable assets

    You’ll pay 10% if you’re a sole trader or partnership and your gains qualify for Business Asset Disposal Relief.

    See full list on gov.uk

    Capital Gains Tax is a tax you pay on the profit you make from selling certain assets, such as property, shares or gifts. The rate you pay depends on the type of asset, your income and your tax status.

    See full list on gov.uk

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  6. www.which.co.uk › money › taxCapital Gains Tax - Which?

    Capital gains tax explained – from when you need to pay it on the sale of property, assets and investments to how much you'll have to pay. Learn how to calculate your CGT bill and what allowances you can claim to keep it to a minimum.

  7. www.gov.uk › browse › taxCapital Gains Tax - GOV.UK

    Capital Gains Tax is a tax you pay when you sell property, shares, personal possessions and business assets. Learn about the rates, allowances and reliefs you can claim on GOV.UK.

  8. www.thetimes.com › tax › guide-capital-gains-taxWhat is UK capital gains tax in 2024? - Times Money Mentor

    2 days ago · Capital gains tax (CGT) is a tax on the profit made on the sale of valuables, which include second homes, art, jewellery, antiques stakes in a business and stocks and shares that aren’t owned through an ISA or PEP (which shield investors from tax).

  9. www.unbiased.co.uk › discover › tax-businessCapital gains tax: what it is, how it works & what to avoid

    2 days ago · Capital gains tax is a tax on gains made on the value of your assets (things that you own). This can include the sale of shares, for example, or the sale of business assets or a buy-to-let property. It can also apply to valuables worth £6,000 or more (excluding your car) if you sell them at a profit.

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  11. www.investopedia.com › terms › cCapital Gains Tax: What It Is, How It Works, and Current Rates

    Oct 23, 2024 · Capital gains tax is a tax on the profit from selling an asset, such as stocks, bonds, or real estate. Learn how it works, what are the current rates, and what are the special cases for collectibles and real estate.

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