Claiming CGT Gift Hold-Over relief
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Gift Hold-Over Relief is effectively a deferral of Capital Gains Tax (CGT) when assets are given away (including certain shares) or sold for less...
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Tax-free gains on gifts to spouse or charity
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In most cases, there is no Capital Gains Tax (CGT) to be paid on the transfer of assets to a spouse or civil partner. There is, however, still a...
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Current Capital Gains Tax rates
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Capital Gains Tax (CGT) is normally charged at a simple flat rate of 20% and this applies to most chargeable gains made by individuals. If...
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CGT on second property sales – 30 day rule
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The Capital Gains Tax (CGT) reporting and payment date for UK residents that sell a residential property changed with effect from 6 April 2020...
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Tax when you sell a business property
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There are various methods at your disposal to reduce or delay the amount of Capital Gains Tax (CGT) when you sell a property that has been used...
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Private residence relief
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There is usually no Capital Gains Tax (CGT) to be paid when you sell your main family residence (referred to by HMRC as private residence relief)...
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Bed and breakfast – the same day rule
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Historically, the term bed and breakfasting (sale and repurchase) of shares referred to transactions where shares were sold and then bought back...
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Tax on sale of cryptoassets
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Most individuals hold cryptoassets (such as Bitcoin) as a personal investment, usually for capital appreciation in its value or to make purchases...
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Claiming Business Asset Disposal Relief
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BADR used to be known as Entrepreneurs’ Relief before 6 April 2020. The name change does not affect the operation of the relief. BADR applies to...
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Cryptoassets for individuals – taxes that apply
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In most cases, individuals hold cryptoassets (such as Bitcoin) as a personal investment, usually for capital appreciation in its value or to make...
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Tax-free capital gains
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As with Income Tax personal allowances, taxpayers have an annual exempt amount for Capital Gains Tax (CGT) which is forfeited if not used. The...
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Disposing of garden or grounds
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In general, there is no Capital Gains Tax (CGT) on a property which has been used as a main family residence. This relief from CGT is commonly...
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