Capital Gains Tax Archives - Elver Consultancy Chartered Accountants Wigan

11 Dec

If you are in business as a self-employed sole trader or as part of a partnership, then you will be liable to pay...

27 Nov

Gift Hold-Over Relief is effectively a deferral of Capital Gains Tax (CGT) when assets are given away (including certain shares) or sold for...

20 Nov

A number of significant changes to the way Capital Gains Tax (CGT) is reported and paid come into effect from April 2020. ...

13 Nov

Partnerships are treated as transparent for Capital Gains Tax (CGT). This means that each partner is responsible for their share of any capital...

06 Nov

A negligible value claim is a claim made by a taxpayer when an asset they own has become of negligible value, i.e. it...

06 Nov

The meaning of goodwill for CGT purposes is complex. The term 'goodwill' is rarely mentioned in legislation and there is no definition of...

16 Oct

Entrepreneurs' Relief (ER) can be valuable relief when selling your business, your shares in a trading company or your interest in a trading...

08 Oct

If you own a business as a sole trader or in partnership, a Capital Gain will arise if your business is transferred into...

02 Oct

There is usually no Capital Gains Tax (CGT) to be paid on the transfer of assets to a spouse or civil partner. There...

02 Oct

One of the most often used and valuable of the Capital Gains Tax (CGT) exemptions is Private Residence Relief, which usually exempts any...