Easing the pain of capital gain
Article Abstract:
United Kingdom capital gains tax (CGT) is payable on gains made on assets that have risen in value, though family homes and some other assets are exempt. Gambling winnings and assets sold for under 6,000 pounds sterling are also exempt. CGT is levied at different rates, the rate depending on the income tax rate of the taxpayer, but taxpayers may find that the gains place them in a higher tax bracket, so two rates of CGT will apply to the capital gains. There are a number of ways of cutting the cost of CGT, such as using losses to offset profits.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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Capital gains tax: coping with chaos
Article Abstract:
Calculations of capital gains tax (CGT) liabilities has become more complex in the United Kingdom, due to changes introduced by chancellor, Gordon Brown. No CGT is owed by people with investment profits below a certain levels which was 6,800 pounds sterling for 1998 to 1999, compared with 6,500 pounds for the previous year. Tapering has replaced the indexation allowance and this applies from 1998 to 1999. Investors acquiring stocks in a single company at different times face particular difficulties in calculating their CGT bill.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Less tax, more wealth
Article Abstract:
Capiral gains and inheritance tax advice for British investors is set out in detail.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 2001
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