November 2007

18% rate of CGT and a £100K exemption?

It's been reported that the government may be looking to soften the blow of the 18% flat rate of capital gains tax by introducing a £100,000 exemption for business owners. Business owners were probably the group that was most worse off from the…

Offshore companies and the 2008 CGT provisions

We're awaiting the draft legislation on the CGT changes but one area that would need to be consider is the anti avoidance rules for offshore companies. Under the current rules a UK resident domiciliary who owns an offshore company is charged to tax…

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