Capital Gains Tax is a tax on capital 'gains'. If, when you sell or give away an asset you own and it has increased in value, you may be liable to be taxed on the 'gain' (profit).

However CGT is surrounded by many confusing exemptions and conditions as to which capital assets are liable for taxation and which are free of it. There are several exemptions and mitigating factors that can help reduce the tax burden. Come in to see us if you require advice about this particular aspect.