Accessibility links

Request a
Call back

Book a Free
Consultation

Switch
to MG Group

Refer
a Friend

Write
a Review

Capital taxes

This group of factsheets covers taxes on the disposal, generally by way of sale, of capital assets and the taxes due on death.

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.

Latest accountancy news

13 Mar 2019

Spring Statement 2019

The Chancellor Philip Hammond presented his Spring Statement on Wednesday 13 March 2019.

05 Mar 2019

HMRC advice - prepare for no deal

HMRC is urging business owners to make sure they are ready for a potential no deal Brexit.

05 Mar 2019

Start date looming for Making Tax Digital for VAT

The Financial Secretary to the Treasury, Mel Stride, has made a statement to the House of Commons setting out HMRC's progress on delivery of Making Tax Digital.

Have we convinced you yet?

Please feel free to get in touch via phone email or our quick contact form.

We offer initial free consultations simply contact us to find out more.