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CGT (Capital Gains Tax) Payment within 30 days of the sale - coming for Property owners?

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...
/news/cgt-capital-gains-tax--payment-within-30-days-of-the-sale---coming-for-property-owners-.htm

CGT annual exemption: use it or lose it!

CGT annual exemption: use it or lose it! Capital gains tax (CGT) is normally paid when an item is either sold or given away. It is usually paid on profits made by selling various types of asset...
/news/cgt-annual-exemption-use-it-or-lose-it.htm

CGT on Home Developments

CGT on Home Developments Your main home is exempt from capital gains tax when you sell it, but only if you bought the property with the intention of living in it on a permanent basis, not as a ...
/news/cgt-on-home-developments.htm

SEIS Investment Extension

SEIS Investment Extension The Budget also included an announcement of the extension of capital gains tax (CGT) relief, where the gain is reinvested in new shares issued under the Seed Enterpris...
/news/seis-investment-extension.htm

Non-resident Capital Gains Tax on Sales of Residential Property

Non-resident Capital Gains Tax on Sales of Residential Property If you are involved with sales of UK residential property where the buyer or seller is tax-resident outside of the UK, you need t...
/news/non-resident-capital-gains-tax-on-sales-of-residential-property.htm

Disposals of UK residential property by non-residents

Disposals of UK residential property by non-residents   The capital gains tax (CGT) provisions for disposals of UK residential property by non-residents (NRCGT) are being amended. Broa...
/news/disposals-of-uk-residential-property-by-non-residents.htm

Individuals - Autumn Statement

Individuals Starting rate of savings tax The band of savings income that is subject to the 0% starting rate will be kept at its current level of £5,000 for 2016-17. Employme...
/news/individuals---autumn-statement.htm

Investor's relief

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...
/news/investors-relief.htm

Reducing potential liability to capital gains tax

Q. My wife and I own various assets – some are held in individual names and others are held jointly. We are wondering whether we should 'equalise' the value of our assets to reduce po...
/news/reducing-potential-liability-to-capital-gains-tax.htm

Buy-to-let property

Q. I bought a property several years ago to rent out. Over the last five years its value has risen from £120,000 to £220,000. I understand that if I sell it now, I would be liable to pa...
/news/buy-to-let-property.htm

Lifetime limit on employee shareholder status exemption

Lifetime limit on employee shareholder status exemption The Chancellor announced that for Employee Shareholder shares issued as consideration for entering into Employee Shareholder Agreements f...
/news/lifetime-limit-on-employee-shareholder-status-exemption.htm

Homes Worth Over £2 million!

Homes Worth Over £2 million! The Government wants to clamp down on tax avoidance by people who purchase their homes through companies, or other structures like trusts or partnerships, (kn...
/news/homes-worth-over-2-million.htm

Autumn Budget 2018 - Property - Final period exemption

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...
/news/autumn-budget-2018---property---final-period-exemption-.htm

Autumn Statement Tax Summary

Autumn Statement Tax Summary   George Osborne did not have great tidings to impart when he presented his Autumn Statement to the House of Commons on 29 November 2011. The best he could...
/news/autumn-statement-tax-summary.htm

Businesses

Businesses Immediate changes  Entrepreneurs' relief  Entrepreneurs' relief (ER) applies a 10% rate of capital gains tax to gains made on the disposal of all or part of ...
/news/businesses.htm
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