What is capital gains tax? It is definitely one of the most misunderstood taxes, with many clients often coming up with their own strange and elaborate calculations.

Capital gains tax (or otherwise know as CGT), is the tax that is charged on the gain that you make on selling or disposing of any asset (such as property or shares), of which the date of acquisition of the asset is after the 20th September 1985.

In this day and age, when every man and his dog has a business, or a business idea, it is no wonder that “start ups”, “incubators”, “accelerators” and “entrepreneurs” are the hot topic. It will be that way for many years to come, as there is a general shift of the population from being employed, to being free from the nine to five slavery.