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    Capital gains tax - General principles - 45000

    Broadly, capital gains tax applies to all entities making an asset disposal except those within the scope of corporation tax. Whilst the basic principles involved in calculating chargeable gains...

    Capital gains tax - General principles - When will there be a chargeable gain? - 45100

    A chargeable gain will arise on a disposal of a capital asset by a chargeable person if the disposal proceeds exceed the allowable expenditure. Where the disposal proceeds are less than the allowable expenditure,...

    CGT rate to double?

    The Office for Tax Simplification (OTS) has suggested that £14 billion could be raised if the Chancellor were to bring capital gains tax (CGT) rates in line with income tax. We’ve heard this...

    Avoiding tax trouble with earn-out deals

    You sold your business a few years ago. The deal included an agreement which linked part of the payment to the company’s subsequent performance. Recent events have caused the business to slump....

    What are your options for investing in another company?

    You’ve been offered a stake in a new venture. It will be run through a company. You’re unsure whether to buy the shares personally or invest via your company. Which is likely to be the most...

    Capital gains tax calculator

    Capital gains tax calculator This calculator has three separate capital gains tax tools; one for sales of land or buildings one for the sale of chattels and other for share sales.How to...

    Capital gains tax - Annual exemption

    Annual exemptionThe capital gains tax (CGT) annual exemption for 2020/21 is £12,300 for individuals and £6,150 for trusts. The allowance continues to increase with inflation.

    Alternative ways to extract tax-free cash

    Your client’s daughter is getting married and she wants to extract some additional cash from her company. However, she doesn’t want to alter her profit extraction strategy. What might you...

    Property investors - reduce your capital gains tax bills

    Capital gains made from the sale of residential properties are taxed at a higher rate than other gains. This is bad news if you’re a buy-to-let property investor, but there is a way you can...

    New guidance on company winding-up rules

    HMRC has been forced to make changes to its approach to the anti-avoidance rule which can apply to shareholders who wind up their companies. What advice can you give to affected clients?