Capital Gains Tax (CGT) is the tax for selling chargeable assets, which include possessions worth more than £6,000, main home you’re renting out, shares not in PEP or ISA, and business assets. Chargeable assets don’t include any property that is not your main home.
In this category, you’ll find the most comprehensive articles to help you understand CGT better on different aspects. Legend Financial advisors are here to help you sort out your capital gains taxes and most importantly, reduce what you have to pay for CGT in legal means.
For most people, buying a house is the most significant and proudest purchase of your life. All of the meticulous measures you took—innumerable property visits, contract dealings and examinations – to show up at the fantasy of homeownership.
As we all know, any profit attained while disposing of an asset in the UK is subject to Capital Gains Tax. It is difficult to get away from the long arm of the British taxman, regardless of whether you own resources that are actually outside the UK.
This article lay out 10 Strategies you can follow to avoid Capital Gains Tax on your property. You can send us a message or book an appointment with us to assist you on this matter.
CGT can be an intimidating subject to understand. CGT was first introduced in 1965. Until then capital gains were not subject to tax.
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On 22 November 2023, Chancellor of Exchequer Jeremy Hunt announced the Autumn Statement for the year, alongside the Office for Budget Responsibility’s (OBR) economic forecasts.
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This article focuses on the various ways individuals in the UK can cut their income tax bill on their investment profits. They include National Savings and Investments (NS&I), Individual Savings Accounts (ISAs), Junior ISAs, Enterprise Investment Scheme (EIS), Seed Enterprise Investment Scheme (SEIS), Venture Capital Trusts, Self-Invested Personal Pensions (SIPPs), and Small Self-Administered Schemes (SSASs).
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Why is accounting and bookkeeping the backbone in your ecommerce business? And how do you get started selling online? This article provides a quick guide to these.
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The quickest way from A to B is usually a conversation. So, if you want to find out more about how Legend Financial can boost your business, get in touch. We’ll give straight answers so you can make a confident decision, fast.