Property tax deductions: Don’t miss out!
Capital gains tax (CGT) relief is generally available on the disposal of property in respect of improvements etc., for ‘the amount of any expenditure wholly and exclusively incurred on the asset by him or on his behalf for the purpose of enhancing the value of the assets, being expenditure reflected in the state or nature […]
Entrepreneurs’ relief: Nothing ‘personal’
A tightening of conditions for capital gains tax (CGT) entrepreneurs’ relief (ER) in Finance Act 2019 may have resulted in some taxpayers no longer qualifying for the relief. Personal company For example, an individual disposing of shares in a company is eligible to claim ER if throughout two years (increased from one year, for disposals […]