The ultimate guide to capital gains tax for business
Jamdone188831 Dec, 2025Business
CGT is tax that is paid on profits which are made when an asset is sold or disposed of. The gain is what is taxed and not the amount has been received on the asset. CGT comes into play when assets like personal possessions worth around 6000 or above are sold. This would not include a car. Property that is apart from your main residence too would be considered and even the main residence if it has been let out, used for business purposes is very large.
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