• Changes to Business Asset Disposal Relief: what business owners need to know | Whyfield Accountants in Truro, Cornwall

    Managing higher Capital Gains Tax on Business Asset Disposal

    From April 2025, the Capital Gains Tax (CGT) rate for Business Asset Disposal Relief (BADR) is increasing, meaning business owners could face higher tax bills when selling their companies.
    With rates rising to 14% in 2025 and 18% in 2026, planning ahead is important. Learn how these changes impact you and what steps you can take to minimise your tax liability before the hike kicks in.

    Tax
    Published 27.02.25
  • Capital Gains Tax 60 day pay and fine for residential properties | Whyfield accountants in Truro

    Selling Property? Get to know the 60-Day Capital Gains Tax Rule

    Anyone selling residential property must report and pay any Capital Gains Tax within 60 days, with strict penalties for late filing—read on to find out how to stay compliant.

    Tax
    Published 03.10.24
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