Tax - Capital gains tax

Recently added Tips & Advice

CAPITAL GAINS - 22.10.2020

New property disposal guide

Property. Since April 2020 there has been a single system for reporting disposals made by: UK residents realising a gain on UK residential property (or an interest therein) where there is some capital gains tax (CGT) to pay; and non-UK residents making a disposal of any UK land (or an interest therein), irrespective of whether there is any CGT. Guide. The Association of Tax Technicians (ATT) has now published a guide to using the service (see Follow up ). This has been tailored to accountants and tax advisors completing the returns on behalf of clients. ...
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COMPANY SALE - 22.10.2020

Selling the company: taxing the consideration correctly

One of your clients has built up their trading company from scratch. They have received an offer for their shares which they are keen to accept, but the purchaser is proposing to issue loan notes as part of the consideration. What do you need to advise?
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PRIVATE RESIDENCE RELIEF - 22.10.2020

Buying property in stages: a risk to tax relief?

Property purchase is an area in which HMRC is taking more interest and transactions that look out of the ordinary may attract unwelcome compliance attention. Why do clients buying multiple properties in stages run a particular risk?
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CAPITAL GAINS TAX - 21.10.2020

Has working from home landed you with a CGT bill?

The coronavirus lockdown has raised the thorny question of how capital gains tax private residence relief might be affected if you work from home as a result. Is this something you should be concerned about?
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BUSINESS ASSET DISPOSAL RELIEF - 24.09.2020

How to secure business asset disposal relief on property

Your client is a higher rate taxpayer. He is looking to sell some of his let property portfolio within the next four years. What can you advise him to do to potentially save 18% on the eventual tax bill?
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TAX - 22.09.2020

Closing or selling your company - shifting capital gains tax

If you’re closing your company or selling your shares in it you’ll have to pay tax on any capital gain you make. How can you share the gain with your spouse or other family member to reduce the overall tax bill?
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Tax - Capital gains tax

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CAPITAL GAINS TAX - PROFIT EXTRACTION - 08.09.2020

Small business incorporation - minimising tax without BADR

Your business is growing steadily and your accountant has advised you transfer it to a company to save income tax. For maximum tax efficiency should you do this immediately or delay?
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CORONAVIRUS - SHARE INCENTIVES - 27.08.2020

Coronavirus: could share plans be the answer to cash flow?

One of your clients has just about kept their business afloat with a skeleton staff during the coronavirus crisis. However, they now have a serious cash-flow issue. How might using share incentives help?
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CAPITAL GAINS TAX - 27.08.2020

Residential property: is it better to sell when non-resident?

A client has been working abroad for ten years. He will shortly be returning to the UK and has decided to sell his property in order to buy a bigger one for his young family, but should you advise him to sell before or after he gets home?
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