CGT

Question 1

What triggers CGT?

Answer 1

Disposal of an asset (sale, gift, exchange).

Question 2

Name assets subject to CGT.

Answer 2

Shares, unit trusts, certain bonds, property except main home.

Question 3

Give two CGT exemptions.

Answer 3

Main home, transfers between spouses.

Question 4

What is the annual exempt amount for 2024‑25 and 2025‑26?

Answer 4

£3,000.