Capital gains tax Tag

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 finances – or hand...

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 introduced to help protect entrepreneurs from rises in CGT rates. The 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 discard of and is applicable to individuals and trustees but not to private companies, although private companies do pay Corporation Tax on the gains that they make. Chargeable assets include all forms...

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