The Property Seller’s Guide to Capital Gains Tax and Valuation Strategies
When it comes to selling real estate, understanding your capital gains tax (CGT) liability is crucial. This tax is levied on the profit made from the sale of your property, and calculating it accurately requires a clear understanding of property valuations. This article delves into how property valuations play a pivotal role in determining your CGT liability and the importance of consulting with a property accountant to navigate this complex area. The Role of Property Valuations in Calculating CGT A