UPDATED DECEMBER 2013 | #1 AMAZON CAPITAL GAINS TAX BEST SELLER | OVER 1,000 COPIES SOLD!
This book looks in detail at how you can reduce capital gains tax in 2013/2014.
The highest rate of capital gains tax ("CGT") is currently 28% however with careful planning it can often be significantly reduced or even eliminated.
In this book we look at what you can (and can't) do to reduce your CGT charge.
The book starts off by looking at in detail exactly how you calculate any CGT before examining the main ways you can then reduce it.
There are a number of CGT reliefs available which, where they can apply, can often eliminate CGT completely. We look at all of the main reliefs in detail.
If you want to avoid CGT completely, moving abroad is one of the simplest way in many respects. We devote a large section of the guide to non resident CGT planning.
The humble annual exemption shouldn't be overlooked as it can be used very effectively in many cases - particularly where there is joint ownership. This is given its own chapter in this book.
Offshore trusts and companies are now subject to a number of anti avoidance rules, however they can still be used to avoid CGT if you're well advised. We look at CGT planning with offshore companies and trusts in detail in this guide.
For many people, the main occasion they come into contact with CGT is when they sell property. We therefore have a specific chapter on CGT planning for property disposals.
What is included in this Book?
Here's a more detailed list of what this guide covers:
- A detailed analysis of the CGT calculation, to enable you to calculate your own capital gains
- How to calculate your proceeds for CGT purposes (what you can and can't deduct)
- How your base cost is calculated - including the CGT pooling provisions
- When you can and can't qualify for Indexation allowance
- How to calculate the amount of CGT payable on your capital gain
- Everything you need to know about using the Annual Exemption and minimising your CGT liability
- How to avoid the "Bed & Breakfast" anti avoidance provisions
- When and how to postpone disposals to reduce CGT
- The main reliefs are all covered in detail including:
- Entrepreneurs Relief,
- Principal Private Residence Relief,
- Lettings Relief,
- Rollover Relief,
- Gift Relief and
- The Share Exchange provisions
- EIS Relief
- How to avoid CGT as a non UK resident
- When the 5 year anti avoidance rule applies for non-residents and how to avoid it
- The significant changes to the CGT rules from April 2013
- The top CGT free countries
- Tax efficient offshore investments for UK residents
- Avoiding CGT with joint ownership and when not to purchase with a spouse or child
- Uplifting your base cost free of CGT as a non-resident
- Using Offshore trusts for CGT Avoidance
- Making a Negligible Value Claim
- Structuring disposals free of CGT when UK resident
- Using holding companies to sell free of CGT
- When individuals qualify for the indexation allowance in 2013
- How to structure ownership so you can benefit from property disposals without being subject to CGT
- Reducing CGT on second properties including using main residence elections
