Tag Archives: capital gains tax

Can I give my home to my children (and still live in it)?

Posted on November 19, 2021 by Molly Jones

For many people, their home is one of their most valuable assets, if not the most valuable. It is therefore an obvious candidate for lifetime estate planning. The question therefore often comes us as to whether it is possible for …

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How to efficiently gift business assets

Posted on November 15, 2021 by Molly Jones

For certain individuals, business assets can form a significant portion of their wealth and so considering how those assets might be passed to the next generation often forms a key part of their estate plan. Business assets can benefit from …

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Gifting in the Arts (CGS v AIL)

Posted on October 11, 2021 by Molly Jones

The Arts Council England saw a record-breaking year in 2020 with the value of cultural objects and art entering public ownership equating to an impressive £64.5 million with £40 million of tax liabilities being settled in return. Philanthropic giving of …

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Looking at the Budget 2021 from a Private client perspective

Posted on March 3, 2021 by Alice Heathfield

PROPERTY SDLT Holiday Extension Having heard the representations from housebuilders and buyers, the Chancellor announced that the current SDLT threshold of £500,000 will be extended until 30 June 2021. After that date, there will be a gradual tapering of the …

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Are you ready for changes to Capital Gains Tax rules?

Posted on February 17, 2020 by Christopher Wilsher

In July 2019, the government announced plans to make a number of changes to capital gains tax (CGT) principal private residence relief (PPR). PPR is the relief that exempts homeowners from paying CGT on their main residence. The proposed changes …

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Entrepreneurs Relief Reform

Posted on January 30, 2020 by Christopher Wilsher

The Conservative Party committed itself to “review and reform” Entrepreneurs Relief in its 2019 General Election manifesto. The Conservatives further stated that it has not “fully delivered on [its] objectives” and so, with the Conservatives having been returned to government …

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