Capital Gains Tax and family succession
Craig Simpson, Tax Partner at Bates Weston considers the threat of Capital Gains Tax increases and the impact on family succession timing.
Craig Simpson, Tax Partner at Bates Weston considers the threat of Capital Gains Tax increases and the impact on family succession timing.
Should you consider accelerating your business disposal to capture the current rates of Capital Gains Tax?
Capital Gains Tax collected in 2020-2021 reached a record high of £14.3 bn at a time when many would have predicted a more negative outlook.
Our tax team take a look at the latest Capital Gains Tax (CGT) figures published by HMRC and consider what the future holds for the tax.
In part 7 of our Tax Planning Guide series, Cassandra Graham, Senior Tax Manager at Bates Weston urges us to keep a watchful eye on trading status, as the tax implications are significant.