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Capital Gains Tax

Capital Gains Tax (CGT), is payable on the sale of capital assets, such as property or shares.  It may also be payable when such assets are given to either individuals or a trust.

Every individual has an annual exemption which can be used to reduce the amount of any gains.  The annual exemption for a trust is usually half that of an individual.  Any gains larger than the amount of  the exemption will be subject to CGT unless they are either exempt or other reliefs apply. These include:

  • Principal Private Residence (PPR) Relief
  • Entrepreneur Relief
  • Holdover Relief
  • Capital losses 

To speak to someone who can help with CGT call, email or request a call back from one of our specialist lawyers.

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