Property & Capital Gains Tax Overview

Property ownership can lead to capital gains tax implications. Understanding these can help property owners manage their tax liabilities effectively.

What is Capital Gains Tax?

Capital gains tax is applied to the profit made from selling a property. It's essential to know how long you've owned the property, as this can affect the tax rate.

Exemptions and Reliefs

There are various exemptions and reliefs available that can reduce capital gains tax, such as the principal private residence relief.

Knowledge of capital gains tax can save property owners money.