CGTcalculator is an online capital gains calculator for UK share trades. It implements the Inland Revenue's onerous share matching rules including the 30 day rule. In addition calculates taper relief based on the asset type of the share. It is a usef
A prime example is capital gains tax (CGT). All investors have an allowance for how much they can earn a year using general investment accounts, which for the 2024/25 tax year is £3,000. If you exceed this, you may have to pay CGT. Can you avoid Capital Gains tax on shares? If...
Personally I am very happy to pay basic rate tax / corporation tax, but like many I do get annoyed at higher marginal rates. I’d prefer a flat 30% tax (say) across the board for everything and everyone and all ruses chucked in the waste paper bin. There would be casualties across ...
As expected, the 2024 Budget included some adjustments to Capital Gains Tax (CGT). The good news for buyers, landlords and investors, however, is that CGT charged on the sale of residential properties has not increased. The current residential property CGT rates (18% for lower rate taxpa...
According to the UK government’s manual on capital gains taxes, traders in the United Kingdom may be subject to Capital Gains Tax (CGT) on profits gained from commodities trading. Such trading activity may include derivatives like contracts-for-difference (CFDs), futures, options, or physical...
We have found that the best brokers offer traders a wide range of asset classes to choose from, such as Forex, shares, indices, cryptocurrencies (although since 2021, it has been illegal for non-professional traders in the UK to trade cryptocurrencies), commodities, bonds, and interest rates....
We have found that the best brokers offer traders a wide range of asset classes to choose from, such as Forex, shares, indices, cryptocurrencies (although since 2021, it has been illegal for non-professional traders in the UK to trade cryptocurrencies), commodities, bonds, and interest rates....
When selling a non-publicly listed business, if you are eligible, you may benefit from Business Asset Disposal Relief under which you will only have to pay 10% on the sale of a business or business shares. Below is a summary of the core Capital Gains Tax rates that apply from 6th April...
Stamp duty on shares VAT: sharing economy VAT treatment of private hire vehicles Reform of VAT Terminal Markets Order Business rates review Making tax digital for income tax Reform of taxation of non-domiciled taxpayers Making tax digital for corporation tax Modernising tax debt collectio...
Selling an NFT is subject to Capital Gains Tax (CGT) on the profit made, be it against fiat or cryptocurrency. VAT: Generally, private individuals do not charge VAT when selling NFTs, but business-related sales might have different VAT rules. ...