CGT higher rate on dwellings reduced
The higher rate of capital gains tax (CGT) for residential property disposals will be cut from 28% to 24% from 6 April 2024.
The higher rate of capital gains tax (CGT) for residential property disposals will be cut from 28% to 24% from 6 April 2024.
Owners of furnished holiday lets will lose their entitlement to favourable income tax, capital gains tax and capital allowances as the FHL scheme is abolished.
On 22 November 2023, Jeremy Hunt delivered the ‘Autumn Statement for Growth’. Against an improving economic backdrop, the Chancellor is keen to stimulate economic growth and highlighted 110 measures for businesses.
New laws for divorcing couples make separating easier and more tax efficient, especially for farming couples.
Find out how the reduction in BPS could cut your CGT bill and about offsetting unclaimed BPS entitlements.
Principle Private Residence (PPR) which sets out the circumstances under Capital Gains Tax is or isn’t levied when selling off all or part of your estate.