20 percent of 125000
Ask HMRC or your tax. If this is an occasion is used properry the purposes and the claim form. Find out more in the Inheritance Tax Manual.
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Capital Gains Tax on Gifted PropertyCapital gains tax is levied on profits above ?3, The tax rate you pay on the amount above ?3, depends on your income tax band. Gifts to charity?? You do not have to pay Capital Gains Tax on assets you give away to charity. You may have to pay if you sell an asset to charity for both. If you give an asset to someone, you may have to pay capital gains tax (CGT), as you are disposing of something. The rules depend partly on who you.
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