Cgt

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    Cgt

    Are there any exemptions from paying cgt, ie medical fees, I have a quite serious illness and would like to use the money to pay for medical
    bill, unfortunately I would pay 30k + in tax and that would leave me short overall I was wondering if its possible to be exempt?
    I have looked at a remortgage but they run a mile so stuck in catch 22.
    Any help would be appreciated

    #2
    There are no exemptions from paying CGT that I know of that would help you.

    The only way that CGT is not payable is when a property with a gain is inherited (when it falls under a different tax regime).

    Costs associated with the gain can be deducted from the gain, but that doesn't apply to medical fees.
    When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
    Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

    Comment


      #3
      No such exemption.

      Unfortunately we don't have an NHS any longer despite the massive amount of money being pumped into the thing. So many staff are "ill", and the managerialism brought in in the Blair years has finally led to collapse and a lack of any commitment by staff.

      Saying you refuse to pay your taxes because it is being spend on people other than yourself (some who have never paid any taxes at all) may be a better argument. Good luck.

      Comment

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