UK & Offshore Tax Planning Blog
If you qualify for Entrepreneurs Relief you pay capital gains tax at 10% on the first £10 million of lifetime gains. With the top CGT rate at 28%, the 18% differential is now worth up to £1,800,000. Conditions to qualify Where you're looking at a…
One possibility to reduce tax on property development is by using a trust. The general idea would be that you could save the 40% or 45% income tax charge if you did the development in your own name, and instead use a trust. The trust could be subject…
From 1 April 2015, property valued at over £1 million up to £2 million will be within the scope of ATED. Property valued at over £500,000 up to £1 million will bewithin the scope of ATED from 1 April 2016. They will therefore introduce two new ATED…
