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Category: Capital Gains Tax

with you on the journey to a brighter future

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Private Residence Relief

Private Residence Relief Nominating your main residence Private residence relief shelters a gain on the sale of a residence from capital gains tax while the property has been the owner’s only or main residence. Where a property has been an only or main residence at some point, the final period of ownership (currently 18 months…
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Selling your business ? – A short guide

Selling your business – A short guide If you are selling your business, there are some important actions you must take. I have listed below some of the main steps you need to take if closing your business. Please note that this is not an exhaustive list and it is important to check what else may…
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Selling a 2nd property ? – Tax changes are coming

Changes to Capital Gains Tax – 2nd property and asset sales The current delay between making a capital gain on property and paying the Capital Gains Tax (CGT) due can be as much as 22 months. For example, the CGT arising from a gain made by a UK resident individual on 6 April 2019 will…
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HMRC have you in their sights !

HMRC have you in their sights ! “CONNECT”….is the sophisticated HMRC computer uses information gleaned from other sources and algorithms to determine the likely accuracy of a taxpayers Tax Return. HMRC tax investigations are on the increase. Tax investigations are time consuming, stressful and costly. They can last for many months and during this time…
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