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Understanding CGT /resources/news/general/1881-Understanding-CGT

Home > News & Resources > News > General > Understanding CGT
Understanding CGT
01 December 2010
This summer's rise in Capital Gains Tax (CGT) from 18% to 28% for higher rate and additional rate tax payers has highlighted the need for a full understanding of the current CGT regime.

Essentially, this is a tax that may have to be paid when you sell, give away, exchange or otherwise dispose of an asset that has increased in value during your ownership. This summer's rise in Capital Gains Tax (CGT) from 18% to 28% for higher rate and additional rate tax payers has highlighted the need for a full understanding of the current CGT regime.

Essentially, this is a tax that may have to be paid when you sell, give away, exchange or otherwise dispose of an asset that has increased in value during your ownership.

You do not have to pay CGT on your car, PEPs or ISAs, government bonds, belongings worth under
 

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