16 Oct 2019 | Capital Gains Tax, Farming & agriculture
Business Asset Rollover Relief allows you to delay your payment of Capital Gains Tax (CGT) if you dispose of business assets and use all or part of the proceeds to buy new business assets. This means that the CGT is not due until you sell the new asset. Although...17 Jul 2019 | Capital Gains Tax
Draft legislation to be included in the next Finance Bill will make important changes to the calculation of Capital Gains Tax (CGT) Private Residence Relief. As announced in the Autumn 2018 Budget there will be a reduction in the final period exemption to just 9...28 Jun 2019 | Capital Gains Tax, Property
Are you looking to sell a residential property? Soon you will only have 30 days to pay your Capital Gains Tax. The Government have decided they want to receive the tax on residential property sales much sooner. So, the rules have been changed. From April 2020, if you...01 May 2019 | Capital Gains Tax
The government is currently consulting on important changes to Private Residence Relief that are likely to be introduced from 6 April 2020.The two possible changes, announced in the Autumn 2018 Budget are: Firstly to limit to just 9 months the period prior to disposal...04 Mar 2019 | Capital Gains Tax, Tax
It is a commonly held point of view that when you sell your home you won’t pay any tax, and in particular, that you won’t pay any Capital Gains Tax on the difference between the purchase and sales prices. Unfortunately, there are circumstances when this is...09 May 2017 | Capital Gains Tax
Capital Gains Tax (CGT) has a main rate of 20% (reduced from 28% in April 2016) other than for basic rate taxpayers who now have a rate of 10%. However, a higher rate of 28% continues for the disposal of residential properties. Importantly, Entrepreneurs’...