Capital Gains Tax Explained: What Property Owners Need to Know When Selling

When it comes to selling a home, the goal is to increase your profits as much as possible. But you also need to consider how taxes will impact the sale. Capital Gains Tax (CGT) can be a confusing aspect of selling a property, which applies to the profit made from the sale of a property, but understanding the nuances of this tax could help you reduce your bill. In this guide, we’ll explore what CGT is, when it’s paid and how you can reduce what you owe to boost your profits on your property sale.