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Asset disposals not subject to Capital Gains Tax
- April 21, 2022
- Posted by: mardenco
- Category: Capital Gains Tax
No CommentsCapital Gains Tax (CGT) is a tax on the profit made from selling certain assets such as property, shares or other investments. CGT is usually charged at a flat rate of 20% and applies to most
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Tax if you live abroad and sell UK home
- April 14, 2022
- Posted by: mardenco
- Category: Capital Gains Tax
One of the most often used and valuable of the Capital Gains Tax (CGT) exemptions covers the sale of the family home. In general, there is no CGT to pay on a property which has been used as the main
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CGT Roll-over Relief
- November 25, 2021
- Posted by: mardenco
- Category: Capital Gains Tax
Business Asset Roll-over Relief is a valuable relief that allows the deferral of Capital Gains Tax (CGT) on gains made when taxpayers sell or dispose of certain assets and use all or part of the
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More time to pay Capital Gains Tax
- November 4, 2021
- Posted by: mardenco
- Category: Capital Gains Tax
The Capital Gains Tax (CGT) reporting and payment date for UK residents that sell a residential property changed with effect from 6 April 2020. This change meant that any CGT due on the sale of a
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Claiming CGT Gift Hold-Over relief
- September 2, 2021
- Posted by: mardenco
- Category: Capital Gains Tax
Gift Hold-Over Relief is effectively a deferral of Capital Gains Tax (CGT) when assets are given away (including certain shares) or sold for less than they are worth to help benefit the buyer. The
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Tax-free gains on gifts to spouse or charity
- July 29, 2021
- Posted by: mardenco
- Category: Capital Gains Tax
In most cases, there is no Capital Gains Tax (CGT) to be paid on the transfer of assets to a spouse or civil partner. There is, however, still a disposal that has taken place for CGT purposes
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Current Capital Gains Tax rates
- July 15, 2021
- Posted by: mardenco
- Category: Capital Gains Tax
Capital Gains Tax (CGT) is normally charged at a simple flat rate of 20% and this applies to most chargeable gains made by individuals. If taxpayers only pay basic rate tax and make a small capital
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CGT on second property sales – 30 day rule
- July 8, 2021
- Posted by: mardenco
- Category: Capital Gains Tax
The Capital Gains Tax (CGT) reporting and payment date for UK residents that sell a residential property changed with effect from 6 April 2020. This change means that any CGT due on the sale of a
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Tax when you sell a business property
- June 10, 2021
- Posted by: mardenco
- Category: Capital Gains Tax
There are various methods at your disposal to reduce or delay the amount of Capital Gains Tax (CGT) when you sell a property that has been used for business purposes.
For example, Business Asset
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Private residence relief
- June 10, 2021
- Posted by: mardenco
- Category: Capital Gains Tax
There is usually no Capital Gains Tax (CGT) to be paid when you sell your main family residence (referred to by HMRC as private residence relief) that has been used as your only or main residence.