Although it is possible to transfer assets between spouses at a value that gives rise to neither a gain nor a loss, giving a property
Not putting a property in joint names prior to selling is an easily avoided mistake – read our blog to see if this would benefit you.
Potential benefits of putting a property into joint names prior to sale Where a property qualifies in full for private residence relief, it is perhaps
A SIC code stands for Standard Industrial Classification code, and classifies your business activity at Companies House. SIC code for a company can be changed
If you’ve read anything about property and tax, you’ll probably have heard the terms ‘nominating your main residence’ and ‘flipping’. This blog takes you exactly what these terms mean and how and when they apply.
Private residence relief shelters a gain on the sale of a residence from capital gains tax while the property has been the owner’s only or
Private residence relief and the final period exemption From a capital gains tax perspective, there are significant tax savings to be had if a property
At first sight, the calculation of a capital gain or loss on the disposal of an asset is relatively straightforward – simply the difference between
Today’s blog covers the things you need to know about entrepreneur’s relief to reduce capital gains tax.
Entrepreneurs’ relief is intended to reduce the rate of capital gains tax to a flat rate of 10% on certain qualifying business disposals. Certain aspects