Search Results for "Capital Gains Tax (CGT)"

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Current Capital Gains Tax rates

Current Capital Gains Tax rates

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 gain, they may only be subject to a reduced rate of

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CGT Rollover Relief

CGT Rollover Relief

Business Asset Rollover Relief also known as CGT Rollover Relief allows for deferral of Capital Gains Tax (CGT) on gains made when taxpayers sell or dispose of certain assets and use all or part of the proceeds to buy new business assets. The relief

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CGT – Lettings relief

CGT – Lettings relief

In general, there is no Capital Gains Tax (CGT) on a property which has been used as the main family residence. This relief from CGT is commonly known as Private Residence Relief or PRR. However, where part of the home has been let out the

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Letting relief

Letting relief

In general, there is no Capital Gains Tax (CGT) due on the disposal of a property which has been used as the main family residence. This relief from CGT is commonly known as ‘private residence relief’.

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CGT Rollover Relief

CGT Rollover Relief

Business Asset Rollover Relief, usually referred to as ‘rollover relief’, is a valuable relief that allows for deferral of Capital Gains Tax (CGT) on gains made when taxpayers sell or dispose of certain assets and use all or part of the proceeds

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Gifts to spouse or charity

Gifts to spouse or charity

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 effectively at no gain or loss on the date of the

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60 days is better than 30 days

60 days is better than 30 days

The deadline for paying any Capital Gains Tax (CGT) due on the sale of a residential property is now 60 days. The previous 30-day limit was replaced as part of the Autumn Budget measures in October and the change came into effect on the day of the

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CGT Roll-over Relief

CGT Roll-over Relief

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 proceeds to buy new business assets. The relief means

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Letting part of your home

Letting part of your home

Private Residence Relief shields the family’s main residence from Capital Gains Tax, but letting part of it may affect entitlement. Homeowners renting part can receive letting relief, up to £7,500, offsetting gains and avoiding CGT.

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Business Asset Disposal Relief

Business Asset Disposal Relief

Business Asset Disposal Relief (BADR) offers a 10% tax charge on business exit. Formerly known as Entrepreneurs’ Relief, it applies to business sales, share disposals, and trading partnerships. Claim up to £1 million lifetime limit.

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Hold-over gifts relief

Hold-over gifts relief

Gifts Hold-Over Relief defers Capital Gains Tax on gifts or sales below market value. Spouses and civil partners make joint claims. Business asset givers need a 5% stake, while share givers require an unlisted, trading company as their personal company.

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