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    Capital gains tax - Reliefs - Reliefs for business assets - II. Rollover relief - 51230

    When a gain arises on the disposal of an asset which has been used for the purposes of a business, it may be possible to defer the payment of tax by rolling over the gain into the base cost of...

    Capital gains tax - Reliefs - Reliefs for business assets - II. Rollover relief - The replacement asset - 51300

    To qualify for relief, the replacement asset must: - be acquired (or an unconditional contract placed) during a qualifying period which starts 1 year before, and finishes 3 years after, the date...

    Downsizing your business premises - defer your tax bill

    Our subscriber’s business no longer needs such a big premises so he wants to downsize. Despite current market conditions, he expects to get more for the property than he paid for it. Can he...

    A CGT break for joint property owners

    If you own two or more properties jointly but have decided you want to rationalise ownership so you can go your separate ways, each of you might face a capital gains tax bill. How can you make...

    Deferring tax on gains from selling business assets

    You’re selling your premises and other business assets and relocating. You know that taxation of the capital gain from the sale can be at least partly deferred. How can you use a little known...

    Get a bigger home tax efficiently

    You have a golden opportunity to buy a palatial property by the sea to replace the small apartment you own as a holiday home. The trouble is the capital gains tax from the sale of the apartment...

    Extra tax savings when incorporating a business

    In December 2014 the government introduced rules to block the capital gains tax (CGT) advantage that could be gained from incorporating a business. Despite the changes you can still legitimately...

    Tax breaks on business land and buildings

    Land and buildings can offer good returns in the long term, but how can you avoid handing over a share of the increase in value to the Taxman?

    CGT rollover relief claim

    CGT rollover relief claim When you've sold an asset that was used in your business, and this results in a capital gain, it's possible to defer or even avoid tax on this by claiming rollover relief. Selling...

    Gift of a holiday home

    You want to pass on your second home to your children as part of an Inheritance Tax planning exercise, but there is likely to be a large Capital Gains Tax bill to pay. Is there any way to avoid...