Capital Gains Tax

Capital Gains Tax can apply if you buy an asset or investment then later dispose of it for more than you paid for it. If you have made sufficient enough gains in one particular tax year you will be liable for Capital Gains Tax CGT.

The tables below will help you calculate your tax burden taking into account the various possibilities

Taper relief on Capital Gains Tax CGT is available and is designed to reduce your tax bill if you hold you hold your asset for a longer period.

Capital Gains Tax is fiddly to calculate. These days people who make gains get tapering relief but if you have assets which you owned before April 1998 you can minimise your tax bill through indexation.

2009-02-17 00:00:00 © Moneyextra.com