“What you get by achieving your goals is not as important as what you become by achieving your goals.” Henry David Thoreau
17 August 2023
UK residents are only required to complete the property CGT return if there is a chargeable gain which results in a payment of Capital Gains Tax. Accordingly, for UK residents, if there is no CGT due because of: brought forward losses, covered by the annual exemption, losses made on the transaction, then no separate return
Every week we take a look at what is trending in the accountancy and tax press and share items that we think will interest you. However, these are only outlines and where they relate to tax planning should not be acted upon without looking into them more completely as everyone’s circumstances are particular to them.
Every day is a school day. I am sure you will understand what this is all about. In our line of work, it is especially true as the tax system evolves in its normal chaotic way, the same as it has been doing for many, many years. I don’t suppose that is going to change