UK & Offshore Tax Planning Blog
Entrepreneurs relief can reduce the effective rate of CGT down to 10% on disposals after 5 April 2008. Many individuals own property that is used by trading businesses. Under the previous taper relief regime this qualified for business asset taper…
You should consider selling your UK house before leaving the country, assuming that any gain is covered by Principal Private Residence relief and therefore escapes capital gains tax. If the house cannot be sold before departure, you should try not to…
Anyone considering ceasing to trade as a company and instead carrying out their business as a sole trader or partnership should be very careful to ensure there are no taxes on disincorporation. Given the changes to the rates of corporation tax…