As a general rule, if you sell shares for more than you paid for them, any profit you make will be chargeable to Capital Gains Tax (CGT). Shares and investments you may need to pay tax on include: shares that are not in an ISA or PEP…
Month: November 2019
Working after State Pension age
It is fine to keep working past your State Retirement Age unless your employment is subject to retirement at compulsory retirement age. If your employer does this, they must give a good reason, for example, the job requires certain physical abilities (e.g. in the…
Gifts and Inheritance Tax (IHT)
When you make a gift to third parties you are potentially transferring part of your estate, and a life-time charge to IHT may be applied. However, in most cases, you will not need to open your cheque book as there are a number of…
Taxing aspects of electric cars for your business
This article does not cover the risks of owning an electric car, depreciation rates etc. Instead, it discusses the tax implications if you buy an electric car for business purposes. As electric cars have zero carbon emissions for tax purposes it should be possible…