Over the past few years it is fair to say that people and businesses disposing of assets pregnant with gain have found their capital gains tax (CGT)/corporation tax (CT) liabilities grow exponentially as a result of the reduction in the CGT tax annual exemption, the corporate indexation allowance restriction, heightened residential CGT rates and corporate tax rates as well as business asset disposal relief only on the first £1 million of business asset gains over the course of an eligible taxpayer’s lifetime.
Please take a look at our latest Pay Less Tax Newsletter, we hope you find it of some value.
At businessVision we are always in search of ways to help and inform our clients and our wider community and in this special edition of the PayLessTax newsletter we look at different ways to mitigate your capital gains tax position.
Over the coming months if one of the articles impacts immediately on your plans then please call us on 01752 752210, we will be more than happy to receive your call and help you!
The team at businessVision.