CGT Capital Gain Tax Terms with "T"

Glossary of CGT Capital Gain Tax - Glossario CGT Capital Gain Tax

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Taxable Gains or Taxable Amount: your taxable gains or taxable amount' for the year is the amount of your total gains that is liable to Capital Gains Tax:

  • after you deduct allowable losses and reliefs;

  • before you deduct the annual tax-free amount - the Annual Exempt Amount.

Trading Company, Trading Group and Trading Activities: these are terms used to help define whether an asset is classed as a business asset for some types of Capital Gains Tax reliefs. These include Gift Hold-Over Relief and Entrepreneurs' Relief.