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
Following last year’s hike in Capital Gains Tax (CGT) to a maximum rate of 28%, investors are looking at ways to mitigate the effects. How can you use the tax-exempt status of certain investments to
do the job?
Published 17.05.2011
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
The home you inherited has now been sold for a tidy profit. In fact, so tidy that a substantial Capital Gains Tax (CGT) bill has landed in your lap. Do you just pay the tax or is there something
vital you should check first?
Published 02.05.2013
If you’ve decided that the value of sterling has bottomed out and now is the time to convert your foreign currency account, watch out! The Taxman may be rubbing his hands with glee at the prospect.
So how can you ruin his mood?
Published 15.01.2009
In March 2023 the Chancellor announced that the capital gains tax (CGT) exemption would be cut in half in April 2023 and the same again in 2024. What steps can you take to counter this
indirect tax hike?
Published 12.06.2023
The growing use of cyber money has forced HMRC to issue a statement regarding the tax effects for businesses and individuals. If you make a transaction in a currency other than sterling, what are the
tax consequences?
Published 20.03.2014
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
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