Tax essentials: five ways to cut your capital gains tax (CGT) bill

Whether you are selling all or part of your business, or disposing of assets like shares or property, it is possible to reduce your capital gains tax (CGT) bill with a little planning. Tax expert Carol Cheesman provides tips and advice on how to minimise your CGT liability

Capital gains is the good news/bad news tax. Good news as you’ve made money, bad news as, well, it’s a tax. At the most basic level, capital gain is the difference between what you paid for something and the amount you sell it for, and the amount of tax you pay on a capital gain depends on your income.

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