Principle Private Residence Relief (PPR) is useful relief that saves you capital gains tax (18% for basic rate tax payers and 28% for higher rates tax payers) on your main residence, but how does it work, lets take a basic example… 239 more words
Tags » CGT
We all know that technology is advancing more and more each day. What we thought once unthinkable, the humanity found a way to make it possible. 338 more words
A helpsheet on partnerships and Capital Gains Tax has been published by HMRC, reference HS288. Broadly, partnerships, including a LLP, are transparent for capital gains, so each partners is responsible any gains on the disposal of their share of a partnership asset. 61 more words
The Treasury Secretary Gabriel Makhlouf was interviewed on The Nation yesterday and said he doubted a capital gains tax would help the escalation in property prices in Auckland. 482 more words
Acquisition costs need to split into capital and revenue expenses.
“Several tests have been developed through case law to ascertain whether expenditure is revenue or capital in nature. 237 more words