Financial Services
When it comes to selling property in the UK, whether it’s your primary home or an investment property, understanding how capital gains tax (CGT) works is crucial. While you might be aware of the general concept of CGT, things get more complex when you start factoring in property sales. If you're about to sell a property, whether it’s a home or a rental, using a capital gains tax calculator property can help you determine your tax liability and avoid surprises.
In this guide, we’ll break down the ins and outs of CGT on property, how to use the capital gains tax calculator property, and other important considerations you need to be aware of. Plus, we’ll also touch on UTR applications (Unique Taxpayer Reference) and how it relates to your tax situation in the UK, along with other tools like the CGT calculator UK.
Capital gains tax (CGT) is the tax you pay on the profit when you sell an asset that has increased in value. In the UK, CGT is most commonly associated with investments like shares or property, but the way it’s calculated and applied to property is unique.
