Option 1 is fine.
Option 2 does not even make sense as a sentence never mind a strategy.
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Reply to: CGT reduction?
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "CGT reduction?"
Collapse
-
How is that supposed to work?Originally posted by Joolakker View PostOffset the stamp duty I’ll be paying on my house purchase (£9k) against gain from company closure. Is this possible?
Gifting shares of value may have tax implications.
Perhaps just stick the £20k into a pension?
Leave a comment:
-
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)Tags: None
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Burnham's housing vision vs. Starmer's home-buying reforms: what it means for your contractor mortgage Jul 22 00:59
- In Khalil v Innovate Transport, a limited company contractor wasn’t a worker and was on £2.30 — not £230 Jul 21 07:58
- Andy Burnham is PM: 5 new IT policies set to shape UK tech and its contractors Jul 20 06:29
- Taxed on money I haven't earned yet? Bold move, HMRC Jul 17 08:36
- The Fair Work Agency has got zero hours in its sights. Do you? Jul 16 08:44
- Cookie Policy Jul 15 11:50
- Cloned again: an umbrella company founder's warning on fraud, JSL and Companies House Jul 15 07:47
- How is JSL bedding in for contractor umbrella companies, 100 days in? Jul 14 07:45
- IT contractor demand cools in June 2026 amid UK heatwave Jul 13 08:18
- How could zero hours contract reform create unexpected problems for contractors? Jul 8 06:40

Leave a comment: