As we approach the end of the 2022-23 tax year, investors may be interested to note the UK Government’s decision to reduce the Capital Gains Tax (CGT) allowance – the first such reduction in decades. In a move that will affect private clients and trusts, the annual exem...
The OTS also recommends reducing the annual tax-free allowance for CGT to between £2,000 and £4,000, down from the current £12,300. Alongside this should be a reduction in the number of personal items on which you should have to pay CGT. This, they claim, would mean...
CGT is payable on your total taxable gains in a tax year. All capital gains and losses are pooled together for HMRC purposes. If you fall into the ‘liable for tax’ net then you’ll pay CGT on the gains you’ve madeabove your tax-free allowance. However, there are plenty of strateg...
Remember if you can hold these assets inside a tax shelter (ISA or pension) you’ll escape the sting of capital gains tax. Also remember that you have that annual capital gains tax allowance. So you won’t necessarily be liable for CGT just because you’ve sold some taxable assets and m...
You won’t need to pay Capital Gains Tax on the value of any gains which fall below the tax-free allowance (or Annual Exempt Amount). The exempt amount has been eroded significantly over the past years – from £12,300 in 2022/3 to £6,000 in 2023/4. ...
For financial assets measured at fair value through other comprehensive income, the Group makes allowances for impairment losses in other comprehensive income and recognises the impairment losses or gains in profit or loss for the current period but does not decrease the carrying amount of the ...
Tier 2 capital includes qualifying allowance for credit losses and subordinated long-term debt. Total capital is the sum of Tier 1 and Tier 2 capital. Risk-Weighted Assets under Basel III Compared with the Standardized Approach, the calculation of RWAs under the Advanced Approach requires that ...
Total expenses declined 36% year-over-year, reflecting lower interest expense from reduced debt levels and a capital gains incentive fee adjustment Net investment income grew 45% to $1.2 million, or $0.42 per share Net asset value per share (“NAV”) was $21.99 compared with $25.31 at year...
An increase in administrative and general expenses of $7.2 million primarily due to expenses associated with certain merger and acquisition activities, increases for labor costs, pension expense and contracted work, and inflationary increases, offset by decreases in allowance for credit losses and ...
Allowance for credit loss to non-performing assets1 208 % 211 % 237 % 185 % 201 % Non-performing assets1 to total assets 0.41 % 0.42 % 0.35 % 0.47 % 0.43 % Non-performing assets1 to total loans and OREO 0.62 % 0.64 % 0.56 % 0.71 % 0.66 % ...