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
It might suit you to give a share of your assets to your spouse, to make use of their tax-free allowances or lower tax rates. But dividing the asset might not be capital gains tax (CGT) efficient.
How can you get the best of both worlds?
Published 01.11.2013
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
A recent case has confirmed an earlier ruling that although a contract for sale of property has been signed, it doesn’t stop the original owner transferring the property to someone else in the
meantime. Does it open the door for last-minute tax planning?
Published 23.04.2009
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
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
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
Capital losses brought forward from earlier years must be set against the next taxable gain you make. But where this is chargeable at a lower Capital Gains Tax rate this might not be tax efficient.
What can you do to improve this situation?
Published 12.11.2012
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
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