by Tegan Young | Apr 17, 2024 | Capital Gains Tax
Prior to the tax year starting each 6 April, HM Revenue and Customs (HMRC), will issue new tax codes to employees, usually where there is a change of tax code. These tax codes, a series of letter and numbers, allow employers to deduct the right amount of tax to be...
by Birka Bosman | Mar 3, 2022 | Capital Gains Tax
Capital Gains Tax (CGT) is a type of tax that is incurred due to the profit you make when selling or ‘disposing of’ an asset that has increased in market value, since the market value upon initial purchase. Tax is paid on the gain that you make, for example, on...
by Birka Bosman | Jan 14, 2022 | Capital Gains Tax, Uncategorized
You can claim tax relief on the disposal of your only or main residence (also called your principle private residence or PPR) and as a result not pay any Capital Gains Tax (CGT). This is called Private Residence Relief (PRR). The exemptions cover total grounds,...
