CAPITAL GAINS TAX - 17.04.2024
Did MP dodge capital gains tax?
A story about Angela Rayner MP and the sale of her property has recently been doing the rounds in the media. The reports suggest that the police are investigating possible tax evasion. Is this justified or just wild speculation?
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PROPERTY - 19.03.2024
Tax implications of property exchanges
A client is looking to downsize and has agreed with a friend to swap their main residence. They also jointly own two investment properties with their brother which may benefit from being separated into sole ownership. What are the key tax issues to consider and will both exchange transactions be treated the same?
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BUDGET - 19.03.2024
How does the Budget impact clients?
Following on from January’s reduction in Class 1 NI, the 2024 Spring Budget continued to focus on individual taxpayers. What were the highlights for your clients?
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CAPITAL GAINS TAX - 18.03.2024
Selling land for cash now plus a share of future value
Following our article about reducing tax on large capital gains made from the sale of land, our subscriber asked a question about so-called contingency payments. How is the tax calculated on these and can it be reduced?
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CAPITAL GAINS TAX - 05.03.2024
Sell now to reduce your CGT bill
The new tax year starts in April 2024, at which time the capital gains tax (CGT) annual exemption will be cut by half. How can you use your current exemption to reduce tax on later gains?
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RAISING FINANCE - 05.03.2024
Take advantage of SEIS cash injection
Your company is relatively new and needs extra finance. You’re thinking about offering a Dragons’ Den type deal to outside investors. How can a tax incentive scheme help make your deal more attractive?
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