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Capital Gains Tax
A capital gain arises when certain capital assets are sold at a profit. We consider the taxation of gains and outline the reliefs available.
A capital gain arises when certain capital (or 'chargeable') assets are sold at a profit. The gain is the sale proceeds (net of selling costs) less the purchase price (including acquisition costs).
Areas included are;
What are the main features of the current system?
Business asset disposal relief (BADR)
Ownership period of two years
The 5% rule for company shareholders
Dilution
Investors' Relief (IR)
Share identification rules
CGT annual exemption
Exceptions to the CGT rates
Other more complex areas
Other reliefs which you may be entitled to
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