March 1, 2016

S.42 of Finance Act 2003.  You must pay Stamp Duty Land Tax (SDLT) if you buy a property or land over a certain price in England, Wales and Northern Ireland. ·         The current SDLT threshold is £125,000 for residential properties and £150,000 for non-residential land and properties. ·         SDLT no longer applies in Scotland. Instead you pay Land and […]

·            What is CGT o   Capital Gains Tax is a tax on the profit when you sell (or ‘dispose of’) something (an ‘asset’) that’s increased in value.  It’s the gain you make that’s taxed, not the amount of money you receive. o   S 1(2) of TCGA 1992 says that CGT is charged where §