News Tag Results for "CGT"

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375
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Autumn Budget 2018 - Capital gains tax: annual exempt amount

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... more


458
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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... more


226
Views

Budget update 2020-Capital gains tax: annual exempt amount

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... more


231
Views

Budget update 2020-CGT entrepreneurs' relief - reduction in the lifetime limit

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... more


751
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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... more


44
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CGT Property Return Issues

CGT Property Return issues There are two problems which have come to light, as regards the HMRC 30 Day online CGT Property Return service: Firstly, there is a problem with submitting a CGT ... more


156
Views

CGT Reporting Deadline

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... more

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530
Views

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... more


52
Views

Is there a special exemption on CGT gains for selling personal possessions?

Q. I am looking to raise some funds by selling some personal possessions, some of which have appreciated in value quite considerably. I've heard there is a special exemption that might mean I d... more


116
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Leaving the UK: a look at split-year treatment

Leaving the UK: a look at split-year treatment During 2020 it has been reported that the number of people leaving the UK was "unprecedented". The Economic Statistics Centre of Excelle... more


134
Views

Will my husband have to pay capital gains tax on the sale of his father's property

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... more