What is Capital Gains tax?

What is Capital Gains tax?

Which? 40,355 views 2017-01-30

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Title What is Capital Gains tax?
Duration 02:01
Source YouTube

http://www.which.co.uk/money/tax/guid... Capital gains tax (CGT) is a tax on the increase in value of possessions – such as a second home, antiques or shares – during the time you have owned them. Any tax is due when you dispose of them, usually by selling them or giving them away. You are allowed to make substantial gains each year before you start to become liable for tax, and some gains are tax-free.

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