Claiming Entrepreneurs’ relief
Entrepreneurs' relief applies to the sale of a business, shares in a trading company or an individual’s interest in a trading partnership. Where...
11 Sep
Capital Gains Tax
Category Archives: Capital Gains Tax
28 Aug
Capital Gains Tax
New CGT rules for homeowners
Currently, if a property has been occupied at any time as an individual’s main private residence, the last 18 months of ownership are...
20 Aug
Capital Gains Tax
The meaning of goodwill
Goodwill is a term we hear about often, but interestingly, is rarely mentioned in legislation. In fact, the term 'goodwill' is not defined...
30 Jul
Capital Gains Tax
Earlier payment dates for Capital Gains Tax
Currently, the due date for paying any Capital Gains Tax (CGT) owed to HMRC is the 31 January, following the end of the...
22 Jul
Capital Gains Tax
Tax free gifts to spouse or charity
As our readers are most likely aware there is usually no Capital Gains Tax (CGT) due on the transfer of assets between husbands...
10 Jul
Capital Gains Tax
Disposal of goodwill – capital or income
The First-Tier Tribunal (FTT), in the case of Villar v Revenue and Customs examined whether the disposal of goodwill was capital or income...
26 Jun
Capital Gains Tax
Claiming Entrepreneurs’ Relief when selling your business
Entrepreneurs' Relief (ER) can be a valuable relief when selling your business, your shares in a trading company or your interest in a...
18 Jun
Capital Gains Tax
Selling the family heirlooms
There are special rules concerning the payment of Capital Gains Tax (CGT) on the sale of personal possessions also known as 'chattels'. Personal...
28 May
Capital Gains Tax
Reminder of “bed and breakfasting” rules
Historically, the term bed and breakfasting (sale and repurchase) of shares referred to transactions whereby someone sold shares one day and bought them...
14 May
Capital Gains Tax
CGT and chattels
A charge to Capital Gains Tax (CGT) usually arises after an asset is sold. However, there are special rules concerning the sale of...