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Exclusive Markel tax

Capital gains tax

Frequently asked questions from Markel Tax on capital gains tax.
Displaying 1-10 of 18 results
Exclusive Tax relief and gifting of commercial property
  • 05 May 2023
FAQ on what tax relief might be available on business properties to be gifted to a garage owner's son. The properties have been rented out to third properties to generate an income.
Exclusive Deferring CGT payments
  • 12 Apr 2023
FAQ on whether it is possible to defer payment of the Capital Gains Tax (CGT) liability arising from an asset sold, which the buyer is paying for in instalments.
Exclusive Loans to traders
  • 06 Dec 2022
FAQ on whether tax relief be claimed on a loan which a client made to his company, but which cannot now be reclaimed.
Exclusive CGT and property transfers in a divorce
  • 06 Sep 2022
FAQ on whether CGT is due on a rental property being transferred to a spouse as part of a divorce settlement.
Exclusive Non-resident CGT
  • 15 Mar 2022
FAQ on whether an overseas client's carried forward UK capital losses can be set against a gain from a UK commercial property they have sold.
Exclusive Tax and bitcoin sales
  • 07 Jan 2022
FAQ on the tax treatment of the sale of some bitcoin that a client was holding as an investment.
Exclusive Capital gains tax and self-assessment
  • 05 Nov 2021
FAQ querying how to treat a capital gain made on the disposal of a residential property by a client , but not declared on a UK property form within 30 days of the disposal.
Exclusive Residential property disposals
  • 02 Mar 2021
FAQ on Capital Gains Tax reporting rules, concerning the gain from a sale of a UK residential property which falls below the annual exemption.
Exclusive Changes to CGT reporting requirements
  • 22 Sep 2020
FAQ on whether the sale of a UK residential property is subject to the new 30 day capital gains tax reporting requirements.
Exclusive Tax implications of gifted property
  • 04 Jun 2020
FAQ on the capital gains tax consequences if a client gifts a house to one of their children.
Displaying 1-10 of 18 results

Note these FAQs were correct at the time of going to press and should be considered as principles based guidance. To check current validity, call the Markel Tax helpline.