Tag Archives: capital gains tax

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

For many people, their home is on of their most valuable asset, 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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Lifetime giving: how to efficiently gift business assets

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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Lifetime Giving: Gifting in the Arts (CGS v AIL)

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

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?

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

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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