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Roll Over Relief

‘Roll Over ‘ Relief – What Happens If an Asset Not Brought into Business Immediately

There is usually a capital gains tax (CGT) charge when a chargeable asset is sold at a gain (subject to the individual personal allowance for an individual). However deferment of the gain may be possible should ‘rollover relief’ be available. ‘Rollover’ relief can be claimed where trading assets are sold and new assets purchased within …

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tax free savings income

Tax-Free Savings Income

There are various ways to enjoy savings income tax-free. However, not all routes are open to all taxpayers – the options depend on the nature of the savings and the saver’s other earnings and marginal rate of tax.   Savings Allowance Basic and higher rate taxpayers are entitled to a savings allowance. The allowance is …

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