Purchased assets of retail business in 2003 for £79,000, (Goodwill £57000, Lease Premium £2000, Fixtures £20000).
A summary of some of the changes announced by the Chancellor of the Exchequer in the 2016 Budget, published on 16 March 2016.
I have a flat that I am selling and would like some help working out the tax position.
The situation is as follows:
I have quite a complicated case here (at least it looks complicated to me).
Giles Mooney and Tim Good discuss two Any Answers posts on whether you have to pay a small salary and how capital gains tax impacts on the calculation.
I am selling a couple of BTL properties, as many people are, now that there is a quadruple whammy of additional costs/negative changes to the legislation.
I have a client who has inherited a plot of land from her mother.
Probate value £240000
Value after planning permission 7.5 million
What is the cost-basis used to calculate the capital gains tax payable to the UK for someone who has acquired those shares before they took up UK residence?