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Reply to: CGT reduction?

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Previously on "CGT reduction?"

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  • Alan @ BroomeAffinity
    replied
    Option 1 is fine.

    Option 2 does not even make sense as a sentence never mind a strategy.

    Leave a comment:


  • Hex
    replied
    Originally posted by Crossroads View Post
    Gifting shares of value may have tax implications.
    There shouldn't be any problem with gifting shares of value between married couples.

    Leave a comment:


  • Crossroads
    replied
    Originally posted by Joolakker View Post
    Offset the stamp duty I’ll be paying on my house purchase (£9k) against gain from company closure. Is this possible?
    How is that supposed to work?

    Gifting shares of value may have tax implications.

    Perhaps just stick the £20k into a pension?

    Leave a comment:


  • Joolakker
    started a topic CGT reduction?

    CGT reduction?

    Hi,

    I've been trading 6 months through a Ltd Company and will now be taking a permanent post. What’s the best way of taking the £20k remaining after CT out of my company? Had two ideas to lower CGT, but not sure if either is possible?

    1. Give my wife 50% of company as a gift and use her CGT allowance.
    2. Offset the stamp duty I’ll be paying on my house purchase (£9k) against gain from company closure. Is this possible?

    Any other suggestions?

    (PS: I'll be high rate taxpayer)
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