If you need some extra cash to survive the current downturn, you may be considering selling some antiques or jewellery. But will the Taxman take a big bite out of the sale proceeds?
Published 18.12.2008
As well as the family business you inherited some art and antiques from your parents a few years ago. You want to sell them to raise cash. You expect to make gains on some and losses on the others.
What’s the tax position?
Published 06.10.2017
In the process of sorting out his father’s estate, one of our subscribers was shocked to find the Taxman demanding both Capital Gains Tax (CGT) and Inheritance Tax (IHT) on the same assets. Why, and
can this trap be avoided?
Published 02.05.2012
No doubt the medals won in the Olympic Games are preciously guarded, at least for now, but in years to come many will become collectibles. What’s the tax position if you buy or sell sporting or other
memorabilia?
Published 25.10.2012
With the property market slowing down in some areas, an investment in woodland has been suggested to you as an alternative. What, if any, are the tax breaks involved?
Published 28.09.2006
You’ve used up all your annual Capital Gains Tax exemption, but you want to sell off some assets to raise money. What options do you have to stop the Taxman getting his hands on your cash? Here are
four to start with.
Published 26.03.2009
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
The stock market recovered over the last half of 2009, but now it’s looking a little shaky again. So, you might be thinking that now is the time to dump some shares. But if this results in losses,
how can you use them tax efficiently?
Published 17.02.2010
The rules that determine what happens to your estate if you die without a will can have serious knock-on effects for Inheritance Tax (IHT) purposes. What steps should you take now to avoid IHT
problems later?
Published 29.03.2010
Having to pay Inheritance Tax once is bad enough, but it’s adding insult to injury when the same estate is hit twice in a short space of time. What steps can an executor take to avoid this tax
disaster?
Published 26.11.2010