Capital Gains

• Capital Gains Tax on sale of shares

  2008-02-15 12:34:14

  There was a very interesting tax case (T M Collins and the Commissioner of HMRC) recently. Very briefly, two individuals sold their shares; one for cash and one partly for cash and partly for a contribution to his pension fund. HMRC argued that the contribution was taxable as part of the consideration - and lost.
• Capital Gains Tax planning point - ends 5 April 2008

  2008-01-30 10:00:00

  HMRC has recently confirmed one very important point on assets that have been owned for a number of years. Such assets will have accrued a substantial amount of indexation relief (over 100% to date on assets held on 31 March 1982). Where an individual owns such assets on 5 April 2008 the indexation relief is irretrievably lost.
• Capital Gains Tax - Commercial property

  2008-01-29 16:18:00

  The Chancellor's announcement of the new "Entrepreneurs' Relief" from 6 April 2008 appears to herald a marked change in the tax position of owners of commercial property. Though the details have yet to be formalised, it seems that unless the property is let to the owner's business - or to a company in which the owner has at least a 5% shareholding - the minimum tax rate on selling that property will increase to 18%.
• The Capital Gains Tax changes - stop press

  2008-01-24 13:06:01

  The Chancellor has just announced a new capital gains tax relief for entrepreneurs to ameliorate the effect of the new 18% flat rate that comes into force from 6 April.
• Update on Capital Gains Tax changes

  2008-01-23 13:48:54

  According to the Financial Times - there is a meeting today finally to decide on the much heralded (and on which the details are long awaited). We will report on the changes once they are eventually published - watch this space.
• UK not in line with Europe's position on Capital Gains Tax?

  2008-01-03 11:03:35

  A group of UK companies is considering appealing to the European Court of Justice (ECJ) against tax charges imposed on UK businesses that relocate their tax residence to another EU member state on the grounds that this is a breach of European Community Law.
• Darling Delays Capital Gains Revisions to New Year

  2007-12-13 16:17:18

  It is being reported that Chancellor Alastair Darling will not be able to announce his revised proposals in the three weeks that had been promised.
• 5-year Capital Gains Rates

  2007-11-05 18:55:00

  Tim writes: Hello. I've now been investing and learning a little over 5 years. Somewhere I remember reading that if one holds stocks or funds for over five years the tax basis is even lower that the year and a day basis. I don't remember where I read that but if you can enlighten me, I would appreciate it very much. My reply: Oh Tim. There was a tax rule in 2001, known for a brief time
• Changes to Capital Gains Tax - Have Your Say

  2007-10-19 16:54:42

  Changes to Capital Gains Tax. Concerned about the proposed change to a new flat Capital Gains Tax rate of 18%?
• Pre Budget Report 2007 - Capital Gains Tax (CGT)

  2007-10-09 19:08:51

  Pre Budget Report 2007 - Capital Gains Tax (CGT). From 6 April 2008 there is to be a dramatic change in the calculation of Capital Gains Tax (CGT).
• Long-term Capital Gains Rates

  2007-03-16 22:04:05

  Steve asks:I am planning to sell shares of stock that I own which are currently subject to Long-Term Capital Gain treatment, as I have held them for over a year. I’m not clear on the following things: 1) How do I qualify for LTCG of 5%, i.e., is there an income limit? 2) Is there [...]
• Long Term Capital Gains Rates

  2007-03-16 11:33:00

  Steve asks: I am planning to sell shares of stock that I own which are currently subject to Long-Term Capital Gain treatment, as I have held them for over a year. I'm not clear on the following things: 1) How do I qualify for LTCG of 5%, i.e., is there an income limit? 2) Is there an even lower rate (0%??) if I hold on to the stock longer, and if so, how much longer? 3) Is there an income