With indexation removed for individuals in 2008 and paused for companies at the end of 2017, capital gains on property are becoming larger. The remaining tax reliefs have never been more important for property owners as a result.
For individuals a new 60-day report and pay regime was introduced in 2020, squeezing the Capital Gains Tax calculation timeframe down from its usual 31 January deadline.
At EAG Tax we can calculate the property’s capital gain, outlining any available tax reliefs you may wish to use. Ideally, we will get involved before sale just in case there is any planning to be undertaken beforehand.
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