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Five common capital gains tax errors
Read this article to discover five common capital gains tax mistakes and how to avoid them.
Inflationary gains and the CGT trap
There is no capital gains tax relief for inflationary gains. This can trigger a high capital gains tax bill on the sale of an investment property which has been owned a long time. Read this article to find out why.
Calculating the capital gain on the sale of an investment property
In calculating the capital gain or loss on the sale of an investment property you can deduct allowable costs. Read this article to find out what costs can be deducted.
Capital gains tax year-end planning
The capital gains tax annual exempt amount is set at £6,000 for 2023/24, reducing to £3,000 for 2024/25. Read this article to help you decide if you should make chargeable disposals before 6 April 2024.
CGT on residential property gains – are you aware of the 60-day limit?
Read this article to find out when you need to report residential capital gains and pay the associated tax #60daylimit #cgt #residentialgains
Transferring assets between spouses
Read this article to find out how to transfer assets between spouses for CGT purposes at neither a gain nor a loss #nogainnoloss
CGT and Your Principal Private Residence
The sale of an individual's home is normally exempt from CGT, with neither a taxable gain nor loss arising. This is certainly the case where it has been the individual's only or main residence throughout the period it has been owned, or if owned prior to 31 March 1982, then the period since then.