Youtor
What is Capital Gains tax
>> YOUR LINK HERE: ___ http://youtube.com/watch?v=1tD3RgcdULQ
http://www.which.co.uk/money/tax/guid... • 0:00 Intro • 0:24 How much do you need to pay? • 0:50 Rates • 1:14 Tax free allowance • 1:25 Selling at a loss • Capital gains tax (CGT) is a tax on the increase in value of possessions – such as a second home, antiques or shares – during the time you have owned them. Any tax is due when you dispose of them, usually by selling them or giving them away. • You are allowed to make substantial gains each year before you start to become liable for tax, and some gains are tax-free.
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