Capital Gains Tax

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Plans to accelerate capital gains tax

4th September 2019
Major changes to the tax regime for gains made from the sale of residential property will take effect from April 2020. They will affect how and when you’re required to report and pay capital gains tax. What’s the full story? Brona MacDougall finds out. Current CGT deadlines Currently, capital gains made by individuals are reported...

Accidental landlords’ costs set to spiral

10th August 2019
New capital gains tax rules could cost accidental landlords thousands of pounds when they sell their former home in changes that were confirmed by HMRC. The new rules could affect over half a million landlords when they come to sell, Brona MacDougall takes a closer look at the details and the implications. Measures announced earlier...

TAKING THE PAIN OUT OF GAIN

2nd October 2017
You should of course seek to minimise the amount of Capital Gains Tax that you pay when you sell a property, tax specialist Steven Turnbull takes a closer look at how to achieve this. Capital Gains Tax (CGT) becomes payable when you sell an asset such as a business, a second property, shares or an...