Capital taxes can have a significant impact on your finances if not planned correctly. This section provides essential guidance on key UK capital taxes and how effective planning can help reduce tax liabilities and protect your wealth. For advice tailored to your personal or business circumstances, Applegrow Financial Advisors is here to help.
Capital Gains Tax (CGT) may apply when you sell or dispose of certain assets at a profit, such as property, investments, or business assets. This section explains how capital gains are calculated, the applicable tax rates, and the reliefs and exemptions that can help reduce the tax payable.
The sale of your main residence may qualify for valuable tax reliefs. This section explains when Capital Gains Tax may arise on the sale of a family home and outlines the availability of Principal Private Residence Relief and other related exemptions.
Inheritance Tax (IHT) can affect estates, gifts, and transfers of wealth. This section provides an overview of current inheritance tax rules, rates, and allowances, along with practical strategies that may help reduce the overall tax burden on your estate.
Preparing a valid will is a crucial part of effective estate planning. This section highlights the importance of making a will and addresses key considerations such as asset distribution, tax efficiency, and protecting your family’s financial future.
Land and Buildings Transaction Tax (LBTT) applies to property and land transactions in Scotland. This factsheet summarises the applicable tax rates, thresholds, and requirements for purchasers involved in Scottish property transactions.
Land Transaction Tax (LTT) is payable on property and land purchases in Wales. This section outlines the key principles, rates, and compliance requirements that apply to buyers in Welsh land transactions.
Stamp Duty Land Tax (SDLT) applies to property and land transactions in England and Northern Ireland. This section explains the main considerations for purchasers, whether buying a residential property, commercial property, or dealing with leases and lease assignments.
Trusts can be an effective tool for estate and tax planning when used correctly. This section explains the basic principles of trusts, their potential tax implications, and the anti-avoidance rules designed to prevent misuse of tax advantages.
Capital tax planning requires careful consideration and professional guidance.
