It's complicated: Cohabitees and the risk of foreseeable harm

Capital gains tax As a reminder, capital gains tax (CGT) is charged on the profit made when selling or disposing of shares, funds, business assets and personal possessions worth more than £6,000, or on a property that's not the main family home which has increased in value. It's the gain that is taxed and not the total amount of money received. Taxable gains are charged at 18% and 28% for residential property and 10% or 20% for other assets, depending on your income band. If someone has capital gains that exceed their annual exempt amount, then this sits on top of the individual's taxa...