Capital Gains Tax and Inheritance: Navigating the Rules on Gifts and Estates in the UK
Understanding Capital Gains Tax (CGT) in the UKIf you’ve ever heard people chatting about selling a house or shares and suddenly owing the taxman, chances are they’re talking about Capital Gains Tax, or CGT for short. In simple terms, CGT is a tax you might have to pay when you sell something valuable—like property (that’s…