Dec 5, 2022 | Bullet Point Update
The general idea of Capital Gains tax (“CGT”) is that if you sell or gift an asset CGT is charged on any increase in value since the asset was acquired. For the purposes of this Note – which focuses on recent changes to the rules for divorcing couples – two...
Sep 11, 2021 | Bullet Point Update
Believe it or not there is something called the Office of Tax Simplification (“the OTS”). It was set up in 2010 and no doubt they try their best but one might think they have not made much headway so far. One does not know what Orlov the meerkat of “simples” fame...
Jul 5, 2020 | Bullet Point Update
Introduction One of the effects of Covid-19 is that for some the value of their investments has gone down. Compared with the devastation Covid-19 has wrought for many that concern may not seem significant. One might see it as a “nice problem to have”. It can...
Dec 12, 2019 | Bullet Point Update
The general rule is that if an individual sells something for more than they paid for it then they are liable for capital gains tax (“CGT”) on the gain. There are various rules and exceptions qualifying that general rule and one of the important exceptions is that...
Nov 6, 2018 | Bullet Point Update
The Chancellor’s Autumn Budget has had its fair share of attention and summaries of its contents are readily available on the internet. The aim of this update is not to give an overview of the Budget but to focus on particular changes of detail affecting the relief...
