Capital Gains Tax | Ridgefield Consulting

In the episode, Shameem explains everything you need to know about capital gains tax. Starting with what capital gains tax is to how to reduce your capital gains tax bill.

Capital Gains Tax or CGT for short is a tax charged in the UK when you make a gain as a result of disposing of belonging or asset. The term ‘disposal’ is used because you can incur CGT not only when you sell something but also when you give it away as a gift, swap it for something else of higher value or receive compensation for it due to loss, theft, or damage. 

For more content like this, visit the 'advice and news' page on our website: https://www.ridgefieldconsulting.co.uk/advice-and-news/