Posts Tagged ‘Capital gains tax (CGT)’

Emergency budget – are you ready?

Friday, June 11th, 2010

With the new Government starting its first 100 days in office, the half way milestone is the “Emergency Budget” which is scheduled for 22 June. As Government Ministers move from Opposition to Government and assume the reality of their portfolios we are evidencing some proposed changes that were not heralded during the General Election campaign. (more…)

Tags: , , ,
Posted in UK accounting | 1 Comment »

Still time to review your CGT position

Friday, March 12th, 2010

There is considerable speculation that a rise in capital gains tax (CGT) is on the cards, with a new rate as high as 25% being suggested in some quarters. 

Although this is mere speculation at this stage, it does serve as a timely reminder that there is still a brief window of opportunity to review your CGT position and optimise it before the tax year end. (more…)

Tags: , ,
Posted in UK accounting | Comments Off

Capital gains tax

Thursday, February 4th, 2010

As with income tax, each person has an annual exempt amount, which is wasted if not used. For married couples and civil partners this can be effectively managed by ensuring that assets that are sold at a gain are either jointly owned or that each partner sells some assets to cover their annual exempt amount. (more…)

Tags: , , ,
Posted in UK accounting | Comments Off

Enterprise investment scheme (EIS) and Venture Capital Trusts (VCT’s)

Friday, January 29th, 2010

These two schemes allow ingoing tax relief on investments that are channelled into venture capital for smaller and growing businesses. By their very nature they are considerably more risky than ISA’s and other similar investment vehicles. (more…)

Tags: , , , , ,
Posted in Australia, Canada, France, New Zealand, UK accounting, USA | Comments Off