CGT at 33pc kicks in when you sell an asset, so it’s well worth getting
your head around how it works
Certain fees could be deductible from Capital Gains Tax, such as legal and professional fees incurred on the disposal of the property. Image: Getty
Paying income tax is stressful enough – particularly in October for the self-employed – without worrying about other lesser known taxes you may suddenly find yourself liable for.
Capital Gains Tax (CGT) isn’t one that most people are concerned with year on year, but it’s important not to overlook it.