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June 2024

How do I claim Business Asset Disposal Relief on my tax return? | CGT Rollover Relief

Business Asset Rollover Relief also known as CGT Rollover Relief allows for deferral of Capital Gains Tax (CGT) on gains made when taxpayers sell or dispose of certain assets and use all or part of the proceeds to buy new business assets. The relief means that the payment of any tax on the gain of the old asset is postponed. The amount of the gain is effectively rolled over into the cost of the new asset and any CGT liability is deferred until the new asset is sold or otherwise disposed of.

Do you pay Capital Gains Tax when you divorce? | Tax when transferring assets during divorce

When a couple is separating or is divorced it is unlikely that they are thinking about the tax implications of their actions. However, apart from the emotional stress, there are also tax issues that can have significant implications.

What is the deadline for self-assessment tax return 2023/24 | Paying your Tax Due for the 2023/24 Tax Year Early

The 2023-24 tax year ended on 5 April 2024 and the new 2024-25 tax year started on 6 April 2024. Most taxpayers will be happy to leave dealing with their 2023-24 self-assessment tax returns until later this year or even until January 2025.  

What is the P11D & P11D(b) submission deadline 2023/24 | Reporting expenses and benefits to HMRC

At the end of each tax year, as an employer you must provide HMRC with details about any employee or director to whom you have provided: expenses paymentsbenefitsfacilities