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Many years ago you sold some shares for considerably less than you paid for them. You’ve never had cause to claim the capital gains tax loss. Is it too late to do so?
Capital losses can be relieved in a variety of ways depending on the circumstances of the disposal and the taxpayer.
A number of loss reliefs are available to taxpayers, although the default treatment in most cases is to reduce current year gains and then carry forward any excess unrelieved loss.
An individual who sustains a loss on the disposal of certain shares which were acquired by subscription, (whether as a sole subscriber, joint owner, or nominee) may set the loss against general income...
Our subscriber made capital gains from the sale of two assets and losses from the sale of another. The gains are taxable at different tax rates. Can they use the losses to reduce the higher rate...
There are tricky capital gains tax anti-avoidance rules to prevent you from taking advantage of a falling market. Nevertheless, it’s possible to stay within the rules and still save tax. How’s...
If, like many entrepreneurs, you’ve had to personally guarantee a loan made to your business, what’s the tax position if it can’t make the repayments and you are forced to step in?
Claim for payment under a guaranteeOne way of helping a growing business is to act as guarantor to its loan finance. If things don't turn out as planned and you are called upon to make good some...
Election to carry back earn out lossIf you sell a business, an earn-out arrangement might be used to determine the sale price. For example, the buyer might offer the majority of the purchase...
Capital gains tax losses can be carried forward indefinitely to use against future gains. What’s the way to obtain the greatest advantage from this tax break?