News Tag Results for "CGT"
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For 2019/20, the capital gains tax annual exempt amount will rise from £11,700 for individuals and personal representatives and £5,850 for most trustees of a settlement, to £12,00...
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Final period exemption currently means people do not have to pay CGT on gains made in the final 18 months of ownership, even if they are not an owner-occupier during that period. However, a long ex...
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Capital gains tax: annual exempt amount
The capital gains tax (CGT) annual exempt amount for 2020/21 will rise from £12,000 to £12,300 for individuals and personal representatives a...
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CGT entrepreneurs' relief - reduction in the lifetime limit
The lifetime limit for capital gains tax (CGT) entrepreneurs' relief is reduced from £10 million to £1 million fo...
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The Association of Taxation Technicians (ATT) is warning that owners of second homes and buy-to-let (BTL) landlords may face a much shorter period in which to pay any capital gains tax (CGT) due on...
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CGT Reporting Deadline
Under new rules capital gains tax (CGT) on disposals of UK residential property must be reported by 31 July to avoid a penalty.
Changes regarding payment of CGT, too...
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This new relief is designed to complement entrepreneurs' relief by extending the 10% rate of CGT to gains accruing on disposals of qualifying shares by investors in a company who have no connec...
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Q. Ten years ago my husband inherited a share of his father's property when he died as a joint owner with his partner. My father-in-law's Will specified that his surviving partner could con...
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