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What reliefs can I claim on Capital Gains Tax?

What reliefs can I claim on Capital Gains Tax?

 Capital Gains Tax (CGT) reliefs There are reliefs you can claim which will mitigate the calculated gain, such as Private Property relief and Letting relief in the case of Houses and Land, and such as Business Asset Disposal relief (formerly Entrepreneurs relief) and...
What is a Wasting Chattel?

What is a Wasting Chattel?

Chattels Certain assets such as plant, watches and paintings valued below £6,000 are exempt from capital gains tax but there are some restrictions, explains Chris Thorpe, technical officer at CIOTWithin the Taxation of Chargeable Gains Act 1992 (TCGA 1992) are listed...
When is Corporation tax Due?

When is Corporation tax Due?

Corporation Tax The Corporation Tax deadline is 9 months and 1 day after a registered companies year end.All businesses registered at companies House have to record their income and profits, and company accounts, as well as a tax return and a confirmation statement....
Do I have to pay Benefit in Kind Tax on my Plane or Boat?

Do I have to pay Benefit in Kind Tax on my Plane or Boat?

 What is the guidance for Benefit in Kind Tax (BIK) for planes and boats? The short answer is yes, and since 6th April 2017, the rules for Benefit in Kind Tax (BIK) on Asset made available to a director or employee (or their family or household) without transfer have...
How do I pay Capital Gains Tax?

How do I pay Capital Gains Tax?

  Paying Capital Gains Tax (CGT)  You can pay your Capital Gains Tax when you file the return through the HMRC website, using the link above (When do I pay Capital Gains Tax?), or you can pay it through your Self Assessment account, after logging onto your personal...
What reliefs can I claim on Capital Gains Tax?

What reliefs can I claim on Capital Gains Tax?

 Capital Gains Tax (CGT) reliefs There are reliefs you can claim which will mitigate the calculated gain, such as Private Property relief and Letting relief in the case of Houses and Land, and such as Business Asset Disposal relief (formerly Entrepreneurs relief) and...