Paper for paper transactions and ‘lost’ deal costs
30th January 2023 | Posted in Articles, Capital Gains Tax by Andrew Marr
The issue It is fairly common for a capital gains tax liability to be deferred under section 135 TCGA 1992 when…
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How an inter-spouse transfer can avoid residential capital gains tax rates
12th December 2022 | Posted in Articles, Capital Gains Tax by Andrew Marr
The issue Residential property gains effectively have an 8% capital gains tax (‘CGT’) surcharge and so it is preferential for land…
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‘Banking’ disposals before capital gains tax rates increase
17th November 2022 | Posted in Articles, Capital Gains Tax by Andrew Marr
The issue There has been much speculation in the press about the possibility of changes to capital gains tax in the…
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There may be more to capital gains tax groups than you think
7th November 2022 | Posted in Articles, Capital Gains Tax by Andrew Marr
The issue Although many of you will know the basics about capital gains tax groups for companies, one point may surprise…
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Valuing loan receivables for inheritance tax
11th October 2022 | Posted in Articles, Capital Gains Tax, IHT, Inheritance Tax, Trusts and Estates by Andrew Marr
The issue Loan receivables are generally within the charge to inheritance tax (IHT) on death (that is why preference shares in…
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Divorce and Capital Gains Tax (Should I stay, or should I go now?)
26th July 2022 | Posted in Articles, Capital Gains Tax, Principal Private Residence Relief by Phil Skrynski
As discussed in our Tax Bite of December 2020, it has always been a cruel outcome that divorcing couples who fail…
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Convert a property to a furnished holiday let?
13th June 2022 | Posted in Articles, Business Asset Disposal Relief, Capital Gains Tax by Andrew Marr
The issue Normally a residential rental property would be subject to a 28% capital gains tax (CGT) rate on its disposal….
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Main residence dilemmas in divorce cases
27th May 2022 | Posted in Articles, Capital Gains Tax by Andrew Marr
The issue Normal ‘no gain, no loss’ inter-spouse transfer rules still apply in the year that a couple separates. In subsequent…
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A badly structured SPA can harm your capital gains tax position!
20th May 2022 | Posted in Articles, Capital Gains Tax by Michael Hodgson
The issue Would you rather sell your company for £8 million with the obligation to repay its £1 million debt, or…
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Inheritance tax – Post-mortem relief for quoted shares
13th May 2022 | Posted in Articles, Capital Gains Tax, IHT, Inheritance Tax, Trusts and Estates by Michael Hodgson
The issue With the cost-of-living crisis, the war in Ukraine and the prospect of a global recession, the UK stock markets…
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