UK & Offshore Tax Planning Blog
As we all know the maximum CGT rate has increased substantially for disposals after 22 June 2010. However, the recent Finance Bill has produced some useful clarifications on the transitional rules that will apply, in particular when disposals are…
The rise in the rate of CGT should make offshore bonds even more attractive. The profit when you sell an offshore bond is taxed as an offshore income gain, and is subject to income tax. On disposals before 23 June 2010 we have an 18% rate of CGT, but…
Purchasing jointly with someone else can substantially reduce the capital gains tax ('CGT') charge particularly where they are low/no taxpayers. Not only do you get the benefit of their annual CGT exemption, but you can also utilise an additional…