Capital Gains Tax Articles

Tax when transferring assets during divorce

When a couple is separating or is divorced it is unlikely that they are thinking about the tax implications of their actions. However, apart from the emotional stress, there are also tax issues that can have significant implications. The Capital Gains Tax (CGT) rules that apply during separation and divorce changed for disposals that occur on or after 6 April 2023. These changes extended...

Tax-free home sales

When you sell your main family residence, generally, you don’t create a Capital Gains Tax (CGT) liability. However, an investment property that has never served as a home doesn’t qualify. People often refer to this CGT relief as private residence relief. You can claim full relief from Capital Gains Tax if you meet all of the following conditions: You have used the family home as your only or...

Post Transaction Valuation Checks

Individuals and companies can request a Post Transaction Valuation Check (PTVC) from HMRC to calculate their capital gains tax or corporation tax liability on chargeable gains. You should make this request using the CG34 form. According to HMRC’s guidance, you need to complete and send the form to the specified address at least three months before the tax return filing date. HMRC offers the post...

View your annual tax summary

The Annual Tax Summary is a document provided by HMRC that shows details of the tax you pay and how...

Tax when transferring assets during divorce

When a couple is separating or is divorced it is unlikely that they are thinking about the tax implications of...

VAT reverse charge for builders

There are special VAT reverse charge rules for certain building contractors and sub-contractors. The rules, which came into effect on...

Childcare funding for under 9-month-olds

In a recent press release the Department for Education confirmed that parents of children from 9 months old can now...

Universal Credit changes

Universal Credit claimants working less than half of a full-time week will have to look to increase their hours but...

by Andrew Stanton

HMRC cautions against VAT bank details fraud

HMRC warns of fraudulent use of Form VAT 484 to access VAT repayments. Businesses should verify their bank details and...

by Sam Baldwin

Increasing business value with ESG

Integrating ESG practices into your business model can unlock a wide variety of benefits including reducing costs and growing your...

by Sam Baldwin

What do your core values actually mean?

Here are a few quick tips to help you discover your core values and fine tune your value statement to...

Deferring National Insurance payments

Employees with more than one job may be able to defer or delay paying Class 1 National Insurance in certain...
Load More

Need Capital Gains Tax Advice?

Our experts are on hand to discuss your specific needs or concerns