Capital gains tax Tag

The importance of forward planning At some point you will want to stop working in your business and either sell up – in which case business exit planning is a crucial element of your financial strategy, and could make all the difference to your long-term personal...

Income Tax Rates and Bands Recent income tax rates and bands are as follows: 2015/16 2016/17 2017/18 Savings rate: 10%, 0% from 2015/16 0 - £5,000 0- £5,000 0- £5,000 Dividend Allowance: 20% NA 0 - £5,000 0 - £5,000 Basic rate: 20% 0 - £31,785 0 - £32,000 0 - £33,500 Higher rate: 40% £31,786 - £150,000 £32,001 - £150,000 £33,501 - £150,000 Additional rate:...

CGT Entrepreneurs' Relief Explained Entrepreneurs relief was introduced to help protect entrepreneurs from rises in CGT rates. Entrepreneurs' relief is available to individuals (or trustees in some circumstances) but not to limited companies. Entrepreneurs' relief can apply when you sell part or all of your business, or shares...

An Introduction to Capital Gains Tax   Capital Gains Tax (CGT) applies when chargeable assets are disposed of and is applicable to individuals and trustees but not to limited companies, although Limited Companies do pay Corporation Tax on the gains that they make. Chargeable assets include all forms...

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