We have just added a new calculator to help you calculate your Capital Gains Tax liabilities. All you need to do is select the tax year, enter your other taxable income for the year and then start adding the assets you disposed of. All assets need to be within the same tax year as the one [...]
Thursday, May 27, 2010
Anyone who sells assets (shares, land, buildings, parts of a business, jewellery) is liable to pay Capital Gains Tax. Introduced by the Labour Goverment of Harold Wilson in 1965, CGT was set at 30% - later increased to 40% by the Conservatives in 1985 and reduced to 18% by Labour in 2008. When the Tories increased the [...]
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Friday, November 5, 2010
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