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Capital Gains Tax Relief

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Capital Gains Tax relief refers to exemptions and allowances that reduce the amount of CGT you need to pay when selling certain assets, including property or shares. Examples include Private Residence Relief (for your main home), Lettings Relief (in some cases), and the annual tax-free allowance known as the Annual Exempt Amount.

Knowing which reliefs apply can make a big difference to your final tax bill, so it’s worth exploring your options before selling.

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