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
Where a marriage ends, special tax rules come into play which can be particularly tricky if you own a business together. Timing the exchange of assets is vital. What steps can you take to avoid
triggering a Capital Gains Tax (CGT) bill?
Published 14.05.2012
Despite HMRC’s best efforts, tax schemes often use legitimate and ingenious ways to reduce taxes. One such scheme that’s been around for a while involves selling a property by raffle or lottery. Is
this something worth considering?
Published 14.09.2018
If you share ownership of two properties with someone else, you might consider swapping your joint interests for a 100% share of a single property. The trouble is that this can result in a capital
gains tax bill. Can you legitimately avoid it?
Published 20.10.2015
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
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
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
You’ve owned a second property for several years and now want to sell it and buy a bigger place. The trouble is some of the proceeds will be needed to pay tax on the gain you make from the sale. How
can you avoid or reduce this?
Published 05.06.2015
Years ago you could lower your Capital Gains Tax bill by selling shares one day and buying them back the next. This so-called “bed and breakfasting” (B&B) was so effective that HMRC blocked it,
but is there a safe way around it?
Published 18.03.2013
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