Birdwatch Note Rating
2024-06-14 18:32:25 UTC - SOMEWHAT_HELPFUL
Rated by Participant: C26862B10EA3DECB27C3D4EB9A758A09A714F4289BB935E3E00A36FA5323D4C9
Participant Details
Original Note:
Capital Gains Tax (CGT) is a tax on the PROFIT when you sell something that’s increased in value (i.e. it’s the GAIN you make that’s taxed) e.g. Buy a house for £425K, sell for £450K - you would only pay CGT on the £25K if Labour do introduce CGT on property sales. https://www.gov.uk/capital-gains-tax
All Note Details