04/09/2026
Thinking about selling an asset? Many people are surprised to learn that Capital Gains Tax is applied to the profit from the sale, not just the total amount received.
For instance, if you bought a painting for £5,000 and sold it for £25,000, you owe tax on the £20,000 gain. Not all assets incur this tax, as certain allowances apply.
Failing to understand this can lead to unexpected tax bills and penalties.
Here's how Barter Durgan can assist you:
- Breakdown of which assets are taxable
- Guidance on allowable exemptions and reliefs
- Help with accurate gain calculations
- Support with reporting and deadlines
Ready to navigate Capital Gains Tax with confidence? Reach out to Barter Durgan today! 📞✨
👉🏻 Find out more at: https://www.barterdurgan.co.uk/.