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 this
tax charge?
Published 31.03.2008
The end of the tax year is an important time to review the possibilities of saving tax. It may be beneficial to act before April 6 2009 to take advantage of some reliefs. Here’s how your children can
save you money for a change.
Published 26.02.2009
You want to make a gift of shares in your family company to your grandchildren to provide income for their upbringing and to reduce the potential inheritance tax (IHT) bill on your estate. For tax
efficiency should your gift be made direct or through a trust?
Published 10.02.2021
One of our subscribers is selling a property and naturally wants to keep Capital Gains Tax (CGT) to a minimum. The sale won’t go through until next tax year, but is there a way to use the current
year’s annual exemption to lower the tax bill?
Published 17.02.2011
From April 6 2010 you might have to pay more tax at 18% when you sell your holiday letting property. But if you act now you can reduce this to 10% by using entrepreneurs’ relief (ER). How can you
take advantage of this?
Published 18.06.2009
Our subscriber owns a residential property which has been let for many years. He’s considering selling it but will lose a large chunk of the proceeds to HMRC. What are the options for reducing his
capital gains tax (CGT) bill?
Published 15.05.2023
You signed a contract to sell a property on which you’ve made a capital gain. You’ve resigned yourself to paying a large tax bill, but a friend says that you could reduce it by transferring a share
of the property to your spouse. Is he right?
Published 11.01.2016
If you own a property other than your home you could be facing a large tax bill when you come to sell. Apart from relying on your annual exemption, what further action can you take to reduce any
Capital Gains Tax due?
Published 16.04.2013
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 landed
him with a £5,000 tax bill; why?
Published 16.03.2015
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 involved?
Published 20.03.2014