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Gains Tax on ResidenceUnderstanding When Capital Gains Tax Applies to Your Home Capital Gains Tax (CGT) on a residence is one of the most misunderstood areas of UK taxation. Many homeowners assume that selling a property is always tax-free. In practice, that is only partly true. While the UK offers generous relief for a person’s main home, there are numerous situations where a tax charge arises—often...0 Comments 0 Shares 7 Views 0 Reviews