|
 |
Tax on disposal:
Capital Gains Tax |
|
- Taxable event: the sale of your
property
- Taxable amount: the gain made
between the sales price and the purchase cost, excluding
any relevant expenses.
- Tax rate: 18%
- Tax allowances: costs of both
purchasing and selling the property can be offset against
the gain, plus inflationary allowances, plus the costs of
any improvements.
|
| Gift Tax |
|
- Taxable event: Giving a proportion
or all of your property to someone
- Taxable amount: the “value”
of the gift
- Tax rate: varies between 7.65%
and potentially 81%
- Tax allowances: none
|
|
|
