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CGT or not?

Answer
g c
Posted Thu, 29 Aug 2024 15:16:22 GMT by g c
Do I need to pay CGT in below condition? Gain: £8000 by renting my property Gain: £ 1000 by share divident Loss: £10000 on selling share
Answer
HMRC Admin 10 Response
Posted Tue, 10 Sep 2024 11:38:20 GMT by HMRC Admin 10 Response
Hi
Please refer to this link Capital Gains Tax: what you pay it on, rates and allowances. Capital Gains Tax is a tax on the profit when you sell (or ‘dispose of’) something (an ‘asset’) that’s increased in value, in your post you state you are renting your property not selling it. The link also explains capital gains tax allowances and what you pay.

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