Capital gains
Making sure you’re eligible for tax relief.
It is different for capital gains tax on residential property sales in the United Kingdom from many other forms of capital gains tax. In these cases, you are taxed on 20% – 28% of the proceeds from the sale of the property. Home sales are exempt from these taxes, but they apply when you sell buy-to-let properties, business premises, land, or inherited property. Basically, these taxes apply when you sell any property that is not your home. Our professional tax accountants can advise you if you’re eligible for tax relief on the property if it is a business asset.
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