Capital Gains Tax Archives - Merranti Accounting
Realise those capital losses
March 15, 2023If you are planning to sell any property or your business in the near future, be aware that the annual exemption for capital gains tax will be cut from £12,300 to £6,000 on 6 April 2023. That exemption will reduce again on 6 April 2024 to £3,000, so long-term planning is needed where gains are
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Reducing CGT bills
February 5, 2023Everyone has a CGT annual exemption of £12,300 for 2022/23. This is wasted if you don’t make capital gains in the tax year, as it can’t be carried forward. In 2023/24 the annual exemption will be £6,000 and in 2024/25 it will be cut to £3,000. If you are planning to dispose of assets that will create
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Reducing CGT bills
December 7, 2021Reducing CGT bills Everyone has an annual exemption for capital gains tax (CGT) of £12,300 for 2021/22. This is wasted if you don’t make capital gains in the tax year. You can’t carry forward any unused exemption to a different tax year or transfer the exemption to another person. If you are planning to dispose
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Did we get the deal?
January 21, 2021We all heard Mr Johnson say we had the deal; now we are feeling the after-effects the deal with issues in sending and receiving outside of the UK. The UK is now treated as a third country to the EU, which means the VAT rules on imports and exports have changed for all goods (of
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