Autumn Budget 2025: Capital Taxes

Capital Gains Tax

Capital Gains Tax rates
The Capital Gains Tax rates remain unchanged for 2026/27. Capital Gains Tax annual exemption
The annual exempt amount will remain at £3,000 for 2026/27. Employee Ownership Trusts
The current relief available for qualifying disposals by business owners selling their shares to Employee Ownership Trusts (EOTs) is a 100% exemption of any… Continue Reading

Do companies pay Capital Gains Tax?

Capital Gains Tax is not paid by limited companies or unincorporated associations like community groups or sports clubs.  Instead, companies pay Corporation Tax, which is another type of payment.  It is important that business owners are aware of the difference between certain taxes so that they know which ones they are eligible to pay.

What is Capital Gains Tax?

Capital Gains T… Continue Reading

6 Ways to Pay less Capital Gains Tax

Capital Gains Tax is due on the difference between the price you pay for something and the price you ultimately sell it for. This includes almost all assets including property which isn’t your main dwelling, antiques, shares and a range of other items. If you want to minimise the amount of Capital Gains Tax you need to pay, one of the most effective approaches you can take is to plan wel… Continue Reading

Capital Gains Tax For non-UK Residents

Since 6 April 2015 HMRC have been charging capital gains tax on property disposals by non UK residents. This means that HMRC now need to be informed of a property sale owned by a non-resident individual, company or fund and CGT has to be paid on the disposal within 30 days of the date of sale. For properties that are owned jointly, each person must inform HMRC of the sale on separate tax re… Continue Reading

Flipping Your Main Residence: Is a Change Imminent?

UK residents who own more than one home can currently decide which of those properties is their main residence for tax purposes. This means they can claim “Private Residence Relief” (PRR) on that property so that they are not liable for any Capital Gains Tax (CGT) when they come to sell it. But this current system has been open to abuse as the homeowner could choose to … Continue Reading

Tuchbands Budget Report

The Chancellor’s 2013 Budget contained some important announcements and confirmed a number of changes planned for the new tax year. Following this, we are delighted to attach the Tuchbands Budget Report  which contains the latest tax and financial information, which we trust you will find useful. As a result there may be a number of changes that will affect you so please fee… Continue Reading

Residential Property held by a Company

There are government proposals in the pipeline for charging 15% SDLT on residential properties valued at £2m or more where the property is  owned by a company. In addition an annual charge starting at £15,000 per annum is proposed. This is proposed to come into effect in April 2013. There are, fortunately exemptions for property development companies. It seems best to keep e… Continue Reading

Capital Gains Tax on Second Homes

The rules regarding the capital gains tax treatment for a second property are quite complicated and commonly misunderstood. As soon as a second property is bought or becomes available example by the finishing of a letting period a principal private residence collection should be filed with HMRC. In practice there is two years in which to file the selection but here at Tuchbands we… Continue Reading