Capital Gains Tax - Stock Image

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In the UK, the annual tax-free allowance, known as the Annual Exempt Amount, allows an individual to make a certain amount of capital gains each tax year before you have to pay any tax. The amount allowed for 2011, 2012 tax year is £10,600 per individual. Individual’s home residences are exempt from the tax, but all other property and all other asset sales are subject to the annual tax threshold. Good planning can help to minimize the tax paid to Her Majesty’s Revenue and Customs. This tax is symbolized with an HMRC till receipt on a waiter’s tray, with pound coins and a symbolic model property. Isolated on white, there is good copy space.
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