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capital gains tax

Transfers of Assets between Spouses

Special Capital Gains Tax Rule for Transfers of Assets between Spouses

Although married couples and civil partners are assessed individually for capital gains tax purposes and each has their own annual exempt amount, a special rule allows them to transfer assets between them at a value that gives rise to neither a loss nor a gain. This can be very useful from a tax planning perspective. …

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capital gains tax

Selling a Property Post Death – Is There a Capital Gains Tax Charge?

For capital gains tax purposes, there is a tax-free uplift to the market value at the date of death, irrespective of whether any inheritance tax is payable at the estate. This effectively resets the base value for capital gains tax purposes going forward. Many estates include a property, whether the main home, or investment properties …

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