Capital Gains Tax – the new rates

by tiemadmin | Jan 2, 2025 | Capital Gains Tax

Capital Gains Tax rates have increased for disposals from 30 October 2024, with further changes ahead. Stay informed on the updated rates for assets, property, and reliefs to optimise your tax planning. We would like to remind our readers of the updated Capital Gains...

The Substantial Shareholdings Exemption

by tiemadmin | Dec 19, 2024 | Capital Gains Tax

For companies selling shares, the Substantial Shareholdings Exemption (SSE) can mean significant tax relief. Introduced in 2002 and simplified in 2017, this exemption allows qualifying gains on share disposals to go untaxed—provided key conditions are met. The...

Tax if you live abroad and sell UK home

by tiemadmin | Dec 5, 2024 | Capital Gains Tax

One of the most commonly used and valuable exemptions from Capital Gains Tax (CGT) is for the sale of a family home. Generally, there is no CGT on a property that has been used as your main family residence. However, an investment property that has never been used as...

Changes to CGT Investors’ Relief

by tiemadmin | Nov 28, 2024 | Capital Gains Tax

The rate of Capital Gains Tax (CGT) for Investors’ Relief will rise from 10% to 14% for disposals made on or after 6 April 2025. It will then increase further to 18% for disposals made on or after 6 April 2026. Additionally, the lifetime limit for Investors'...

Changes to rates of tax on carried interest

by tiemadmin | Nov 21, 2024 | Capital Gains Tax

The 18% and 28% Capital Gains Tax (CGT) rates currently applied to carried interest gains remain unchanged for the current tax year. This charge applies to individuals who provide investment management services to funds and receive carried interest on which they...

Autumn Budget 2024 – Capital Gains Tax

by tiemadmin | Oct 31, 2024 | Capital Gains Tax

In the Budget it was announced that the rates of Capital Gains Tax (CGT) are to be increased with immediate effect. The main rates of CGT that apply to assets other than residential property and carried interest will increase from 10% to 18% (for Income Tax basic rate...