CGT

CGT, or Capital Gains Tax, is a tax on the profit made when you sell an asset like property, stocks, or investments for more than its original purchase price. It’s designed to tax the increase in value over time, not the total amount received. The amount of tax depends on factors such as the type of asset, how long you've held it, and your income level. In many cases, there's an annual allowance—meaning small gains might be exempt. Essentially, CGT ensures that gains from investments contribute to public revenue, similar to income tax but applied to asset appreciation.