Tax Services
Capital Gains Tax or CGT is that tax that is paid on profits that are made when an asset is sold or disposed of. The gain is what is taxed and not the amount that has been received on the asset. CGT comes into play when assets like personal possessions worth around 6000 or above are sold. This would not include a car. Property that is apart from your main residence too would be considered and even the main residence if it has been let out, used for business purposes or is very large.
