Capital taxes Northampton and Rugby : J R Watson & Co Accountants

Capital gains tax

A capital gain arises when certain capital assets are sold at a profit. We consider the taxation of gains and outline the reliefs available.

Capital gains tax and the family home

We consider whether any tax is due on the sale of the family home and the availability of principal private residence and other reliefs.

Inheritance tax - a summary

Inheritance tax (IHT) is levied on a person’s estate when they die and on certain gifts made during an individual's lifetime. We set out the principles.

Inheritance tax avoidance - pre-owned assets

We consider the Pre-Owned Assets rules, along with the rules for determining the income tax charge levied on the previous owner of an asset.

Land and Building Transaction Tax

Land and Buildings Transaction Tax (LBTT) is payable by the purchaser in a land transaction which occurs in Scotland. This factsheet summarises the rates of LBTT which apply.

Land Transaction Tax

Land Transaction Tax (LTT) is payable by the purchaser in a land transaction which occurs in Wales. This factsheet considers the key principles and requirements.

We look at the key areas to consider for the purchaser in a land transaction, whether this is buying a house or creating a lease or assigning a lease, a purchaser is required to pay Stamp Duty Land Tax (SDLT).

Trusts

We consider the basic principles of Trusts, looking at what they are, along with a range of anti-avoidance measures aimed at preventing exploitation of potential tax benefits.

The latest news

05 May 2021

Fourth self-employed grant now open for online applications

The online service for applications for the fourth Self-employment Income Support Scheme (SEISS) grant is now open for claims.

05 May 2021

Recovery Loan Scheme opens to businesses

The Recovery Loan Scheme has been introduced to replace the government's coronavirus lending schemes.

05 May 2021

Recent changes to IR35 'undermine the self-employed' says IPSE

The Association of Independent Professionals and the Self-Employed has stated that the recent changes to the rules relating to off-payroll workers, commonly known as IR35, 'undermine the self-employed at the worst possible time'.

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Capital taxes

The latest news

Fourth self-employed grant now open for online applications

Recovery Loan Scheme opens to businesses

Recent changes to IR35 'undermine the self-employed' says IPSE