Allow subscriptions to multiple ISAs of the same type, with the exception of Lifetime ISA, within the tax year, removing the limit on subscribing to one ISA of each type per year. All subscriptions must remain within the overall ISA limit of £20,000. Remove the requirement for an invest...
While sell/buy of actual gilts does not expose you to CGT it does have income tax implications under HMRC’s Accrued Interest Scheme. When you sell a bond the difference between the dirty price and the clean price i.e the accrued interest, is taxed to income to the seller – because you...
The poll of more than 1,000 female business owners revealed nearly half are planning to expand their businesses in the UK or overseas next year - but many are being held back by not being able to access loans or financing. Nearly one in five (18%) of female business lead...
I spent many of my professional years being paid by clients to minimise their exposure to CGT. The government could (and perhaps should) require a CGT computation on a property sale, to be made as part of the sales transaction and a payment made on account at that time...
At time of writing, Landesbank LBBW is preparing to sell its 24,000 housing portfolio to raise cash and meet EU require- ments; utility Evonik is eyeing a long-term sale of its even more massive housing and commercial property holdings; the giant Metro retail group has shifted toward > 5...
CGT if and when the property is later sold or disposed of. So, if the property has increased in value when sold, CGT may be payable on the difference between the market value at the time of death and the sale price. Always consult a tax professional for specific advice regarding your ...
The bottom line: Working out how much you will earn on a million is a very nice problem to have. P.S. Can you live off one million pounds? What if you tried tolive off the annual earnings of a millionrather than letting it build up?
I spent many of my professional years being paid by clients to minimise their exposure to CGT. The government could (and perhaps should) require a CGT computation on a property sale, to be made as part of the sales transaction and a payment made on account at that time....