Time sale to take advantage of higher annual exempt amount
A gain on the sale of an investment property, such as a buy-to-let or second home, will be liable to…
Guidance on Capital Gains Tax when selling property, shares, businesses and other chargeable assets.
A gain on the sale of an investment property, such as a buy-to-let or second home, will be liable to…
There is usually a capital gains tax (CGT) charge when a chargeable asset is sold at a gain (subject to…
HMRC produce a number of toolkits which highlight common errors found in self-assessment tax returns. As the name suggests, the…
Private residence relief is a well-known relief but one which is often misunderstood. It applies to remove the liability to…
Investors who are not connected with the company may claim income tax relief of 30% of the amount that they…
When it comes to tax relief for expenditure, not all expenditure is equal. The relief, if any, that is available,…
The nature of a gift is that it is something that is given to some without receiving a payment in…
The tax systems contains a number of allowances which enable individuals to enjoy income and gains tax-free. One of these…
If you realise a chargeable gain on a UK residential property, you now have 60 days rather than 30 days…
All individuals are entitled to an annual exempt amount for capital gains tax purposes. Net gains (chargeable gains less allowable…
Where a chargeable gain arises in respect of a UK residential property, since April 2020, the gain must be reported…
Capital gains tax (CGT) is levied on capital gains made on the disposal (including gifts) of most assets. However, if…
Book a free initial consultation with Makesworth’s chartered accountants.
Book a consultation 020 7993 8850