11 Mar 2020 | Budget, Capital Gains Tax, Featured
The Chancellor, Rishi Sunak, announced in his Budget speech that he will overhaul Entrepreneurs’ Relief. Entrepreneurs’ Relief is designed to encourage people to start their own business by granting them a reduced rate of 10% Capital Gains Tax. The Chancellor said...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? From April 2020 you will only have 30 days to pay your Capital Gains Tax (CGT). The UK Government have decided they want to receive the Capital Gains Tax on residential property sales much sooner. So, the rules have been...09 May 2019 | Business Owners, Capital Gains Tax, Property, Tax, Tax Planning
Many business owners make the decision to acquire the premises they operate their business from. Property may be acquired that is the perfect find, for example, a logistics business that needs plenty of land for vehicles to be stored may snap up the ideal spot and...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...