New Forest

17/03/2020

Look at Year End CGT Planning before the deadline

Have you used your 2019/20 £12,000 annual capital gains exemption? Consider selling shares where the gain is less than £12,000 before 6 April 2020.

Also, if you have any worthless shares consider a negligible value claim to establish a capital loss. You may even be able to set off that capital loss against your income under certain circumstances which could save tax of up to 45% of the loss.

For further information on Capital Gains Tax planning, please contact Helen Spalding on 023 8046 1234.

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HMRC have increased the advisory fuel rates that apply for the reimbursement of employees’ private fuel for their company cars, as the result of recent increases in fuel prices.

Click the link to see the new rates - https://bit.ly/3HG0R2b

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