Capital Gains Tax (CGT) is a tax which can arise on the sale of certain assets such as property, shares and other investment items such as antiques, cars and art. On account of the numerous exemptions that exist, it is imperative to seek advice when calculating a liability to CGT. |
Mainly as a consequence of the rising value of the housing market, now more than ever before people are becoming liable for inheritance tax. At present, any assets over £300,000 for individuals or £600,000 for married couples and civil partnerships, could be subject to Inheritance Tax at 40%. |
