How can you reduce your capital gains tax bill in 2018/19?
Whether you’re a buy-to-let landlord, a shareholder, an art dealer or you fall somewhere in between, the chances are you will be familiar with paying capital gains tax (CGT).
CGT is payable when you ‘dispose’ of a certain item and make money from the sale, with the amount you’re liable for depending on your income and the asset in question.
These could be personal items worth more than £6,000, a second home or even shares you own in a limited company.
CGT is due when you sell or give these assets away, classed as ‘disposing’ of an asset in the eyes of HMRC. More…