Capital Gains Tax

What are the implications of Capital Gains Tax?

• What events trigger this tax?
• Does it happen on revaluation or on sale of the asset?
• Do I pay this tax on the gain on my home?
• What type of asset gains do I pay this tax on?
• Do I pay tax on my ISAs
• I have had this asset for years, so do I get any discount for that?
• I inherited this asset, so what gain do I pay tax on?
• Are there any costs that I can set against this gain that I have made?
• Do I pay less tax if I share this gain with my spouse?
• What rate is this tax?
• When do I pay this tax?
• When do I tell the Inland Revenue?
• How do I tell them?

For answers to these questions and more, contact Berkeley Bate now.