Capital Gains Tax Accountant | Pro Tax Accountant | Capital Gains Tax
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What is Capital Gains Tax
Capital Gains Tax (CGT) in the UK is a levy on the profit you make when you sell or 'dispose' of an asset that has appreciated in value during your ownership period. This could be a second home, shares, or even a piece of artwork. The amount you're taxed depends on the nature of the asset you're selling and your income tax bracket when the profit is added to your taxable income.