Capital Gains Tax (GCT) refers to the tax applicable on the profit or gain you make when disposing off an asset that has increased in value. When it comes to shares, the gain is calculated as the difference between what you paid for them and what you are receiving when selling or transferring them.
Do You Pay Tax on Savings Interest in the UK?
The interest you earn on your savings is considered taxable income in the UK. Whether you actually have to pay tax on it depends on how much you earn and which income tax band you fall into.
What Can I Claim as a Business Expense in the UK? A Complete Guide
Being a business owner in the UK means you have to understand how to navigate allowable expenses and how to reduce your taxable profit by making correct claims.
Tax Efficient Investments – Smarter Ways to Save Tax Without High-Risk Schemes
You’ve built a portfolio for growth but have you built one that outsmarts taxes? One of the most frustrating aspects of investment is seeing a big chunk of your returns go to tax.
Private Pension Tax Relief Explained
A private pension scheme is a way for you to have a long-term saving plan that is separate from state pension. This pension plan follows throughout your work life and helps you save and live a comfortable retired life. One of the most powerful incentives to contribute to private pension is the Private Pension Tax […]
CGT on Property – Understanding the Rules for Rental Homes
When you sell a residential property that is not your main home, you may be liable to pay Capital Gains Tax on the profit you make. It is crucial that all landlords and property owners understand what this tax is and how it directly impacts the final return on your investment.
