by Admin | Jun 10, 2021 | Business
When deciding whether an expense is allowed or disallowed it is important to consider that the expenditure must be incurred wholly and exclusively for the purposes of your trade or employment. Under the legislation any expenditure not incurred wholly and...
by Admin | Jun 10, 2021 | Capital Gains Tax
Historically, the term bed and breakfasting (sale and repurchase) of shares referred to transactions where shares were sold and then bought back the next morning. This used to have Capital Gains Tax (CGT) benefits by crystallising a gain or a loss but is no...
by Admin | Jun 10, 2021 | Corporate Governance & Regulation
Source: Companies House Wed, 09 Jun 2021 00:00:00 +0100
by Admin | Jun 10, 2021 | Capital Gains Tax
There is usually no Capital Gains Tax (CGT) to be paid when you sell your main family residence (referred to by HMRC as private residence relief) that has been used as your only or main residence. However, there are important points to consider that can affect...
by Admin | Jun 10, 2021 | Capital Gains Tax
There are various methods at your disposal to reduce or delay the amount of Capital Gains Tax (CGT) when you sell a property that has been used for business purposes. For example, Business Asset Rollover Relief allows for deferral of CGT on gains made when taxpayers...
Recent Comments