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
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 2011 Budget is just weeks away and there’s speculation that another increase in Capital Gains Tax (CGT) is on the cards. With this in mind and the stockmarket on the rise when is the right time
to cash in on gains?
Published 19.01.2011
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
Capital gains tax rates are at their lowest ever. So if you’re selling your company and expect to make a gain you probably won’t want to consider high-risk schemes to save tax. Are there any no-risk
strategies you can use instead?
Published 01.11.2017
The end of the 2011/12 tax year is nearly upon us. If you have investments potentially liable to Capital Gains Tax (CGT) you should be thinking about tax planning. Can giving investments to other
members of your family play a part?
Published 05.03.2012
If you and your spouse sell a property which you own jointly you’ll each be taxed on a share of any gain you make. Can you allocate and declare this in the most tax-efficient way or does HMRC have
the final say?
Published 14.05.2015
You’re selling a property which you bought as your home before you were married. A friend suggests that you transfer a share to your spouse before the sale as this will save Capital Gains Tax (CGT).
Is he right?
Published 11.06.2013
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