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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

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...
/news/cgt-entrepreneurs-relief---reduction-in-the-lifetime-limit.htm

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...
/news/cgt-reporting-deadline.htm

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 ...
/news/cgt-property-return-issues.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

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...
/news/is-there-a-special-exemption-on-cgt-gains-for-selling-personal-possessions.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
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