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There
are two types of asset for Capital Gains Tax purposes:
•
Business Assets
• Non-Business Assets
There
is one way to describe Capital Gains Tax:
Complex
Potentially
the top rate of Capital Gains Tax is 40%.
It can fall to 10% for Business Assets held for more than
two years.
It can fall to 24 % for non-Business Assets held for more
than 10 years.
Sounds
simple but:
•
What is a Business Asset?
• Can individuals qualify for Business Asset Taper
Relief (BATR) on
commercial property?
• What about periods prior to Taper Relief (05/04/1998)?
• What if an asset changes from Business Asset to non-Business
Asset?
• ... and vice versa?
• What restarts the Taper Clock?
• How are companies taxed?
We pose
the questions but to provide the answers for all circumstances
would take too much space.
We will
happily consider your circumstances. Please call on: 020
8876 1097
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