LizMoneyBee

I've received lots of queries about this and saved our military community thousands of pounds in unnecessary tax.   I’ve put together the most frequently asked questions here you. What is Capital Gains Tax (CGT)? When you sell something for more money than you paid for it, this is a gain.  E.g. – if you buy something for £20000 and sell it for £30000, then you have made a £10000 gain. This applies to selling a property you own – the gain is knows as a Capital Gain.  And (of course) HMRC want...

If you live in JRA and are renting out your property you DO NOT need to pay CGT if/when you sell your home. What is Capital Gains Tax?...

Photo by Adolfo Félix on Unsplash Are you the spouse or partner of a a serving HM Forces about to be deployed, or already on deployment? ...