You pay a different rate of tax on gains from residential property than you do on other assets. You do not usually pay tax when you sell your home. If you pay higher rate Income Tax If you’re a higher or additional rate taxpayer you’ll pay: 28% on your gains from residential property 20% on
Capital Gains Tax is a tax on the profit when you sell (or ‘dispose of’) something (an ‘asset’) that’s increased in value. It’s the gain you make that’s taxed, not the amount of money you receive. Example You bought a painting for £5,000 and sold it later for £25,000. This means you made a gain
Time consuming, boring, difficult but necessary – that’s what most people think when you mention the word bookkeeping. That’s why Your Tax Help bookkeeping services will leave your precious time for running your business. Whether you are a freelancer or a small to medium sized business, we are here to help to free up your
