Archive for the ‘Capital gains tax’ Category


HomeThe options available for making a Principal Private Residence election to save capital gains tax when more than one property is owned at the same time.
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Piggy bank with moneyComparison of the different options for extracting surplus money from a small limited company which is becoming dormant, and the tax implications.
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Houses“I own a house, which I lived in until I got married 12 months ago. Since then the house has been let out, and I now want to sell it. It has gone up in value. Will I have to pay any capital gains tax?”
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End signThe background to closing down a limited company, and an outline of the steps needed in a straightforward case where the company is able to pay all of its debts.
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Houses and moneyAs investing in buy-to-let rental properties has become more popular, we are often asked whether it is better to own such properties personally or through a limited company.
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HMRCThis month sees self assessment tax returns arriving through letterboxes across the country, and this year there are some changes to the return. Here are the main things to watch out for.
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HMRCIn his Pre-Budget Report yesterday, the Chancellor announced a reform of Capital Gains Tax that is expected to take effect from 6 April 2008. Although the detail has not yet been published, it is expected that this will involve replacing the current range of tax rates (from 0% to 40%) with a single 18% rate.
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