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In order to calculate the amount of capital gains tax payable, a computation is required for each transaction, before considering the utilisation of: - any losses; - reliefs; and - the annual exemption.
The effect of the so-called “Boris bounce” on the stock market has faded but values of some shares have held up. If you want to cash in how do you work out the optimum number of shares to...
tax planning checklist 2017/18Each tax year there are a number of tax allowances, exemptions and rate bands which if not utilised are essentially wasted as you cannot carry them forward. We've...
The Capital Gains Tax (Annual Exempt Amount) Order 2018 sets the annual exempt amount for individuals in 2018/19. What does it mean?
Since the EU referendum on 23 June 2016, the value of the pound has dipped sharply against both the US dollar and the euro. How could your clients use this fluctuation to secure an unexpected...
One of your friends is looking for investors in his company and has offered you shares in it. You’re going to buy them, but is it more tax efficient for you to do so through your own company...
If you have to use a valuation when calculating a capital gain (or loss), it is sometimes necessary to request an agreement of valuation from HMRC. How do you do this?
A recent tribunal decision is a sharp reminder of a little known capital gains tax trap. The taxpayer on the wrong end of the ruling had sold a property to his fiancée at a bargain price. This...
HMRC has tough anti-avoidance laws to stop you reducing your tax bill by diverting income to your children. However, when it comes to capital gains tax you can make the rules work to your advantage. What’s...
The stock market is currently in bullish form, but how can you bank your current and future gains tax-free?