Capital Gains Tax (CGT)
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What is Capital Gains Tax?
Capital Gains Tax (CGT) is a tax on the profit when you sell (or 'dispose of') something (an 'asset') that has increased in value.
The gain you make is the part that is taxed, not the amount of money you receive.
Capital Gains Tax bills must be paid within 60 days of the property sale (this used to be 22 months). Which is for property that is owned in your personal name
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