Reminder of “bed and breakfasting” rules20190528230000

Reminder of “bed and breakfasting” rules

May 28, 2019
Historically, the term bed and breakfasting (sale and repurchase) of shares referred to transactions whereby someone sold shares one day and bought th...
CGT and chattels20190514230000

CGT and chattels

May 14, 2019
A charge to Capital Gains Tax (CGT) usually arises after an asset is sold. However, there are special rules concerning the sale of certain personal as...
Entrepreneurs’ relief minimum period increased from April 201920190514230000

Entrepreneurs’ relief minimum period increased from April 2019

May 14, 2019
Entrepreneurs' relief applies to the sale of a business, shares in a trading company or an individual’s interest in a trading partnership. W...
The scope of CGT incorporation relief20190514230000

The scope of CGT incorporation relief

May 14, 2019
Where a taxpayer owns a business as a sole trader or in partnership, a Capital Gain will be deemed to arise if the business is converted into a compan...
Landlords, time to consider your options?20190507230000

Landlords, time to consider your options?

May 7, 2019
Two changes to the way Private Residence Relief works are due to come into effect from April 2020. These changes could reduce the amount of CGT relief...
Utilising unused losses for CGT20190306040000

Utilising unused losses for CGT

March 6, 2019
Sometimes tax-payers may sell an asset at a loss. If acceptable as capital losses, they can be deducted from Capital Gains made in the same or future ...
Election to treat property as main residence20190220040000

Election to treat property as main residence

February 20, 2019
There are a number of issues that owners of more than one home should be aware of. An individual, married couple or those in a civil partnership can o...
When do you pay Capital Gains Tax?20190213040000

When do you pay Capital Gains Tax?

February 13, 2019
Capital Gains Tax (CGT) is normally charged at a simple flat rate of 20% and this applies to most chargeable gains made by individuals. However, if yo...
CGT relief for two dwellings for the same period20190123040000

CGT relief for two dwellings for the same period

January 23, 2019
As a general rule, there is no Capital Gains Tax (CGT) on a property which has been used wholly as a main family residence. This relief from CGT is co...
CGT Rollover Relief – ownership of assets20190102040000

CGT Rollover Relief – ownership of assets

January 2, 2019
Capital Gains Tax (CGT) rollover relief is a valuable relief that allows for a delay in the payment of CGT on gains when you sell or dispose of certai...
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