The latest Clay Shaw Butler Money Matters column from the Carmarthenshire Herald
The latest Clay Shaw Butler Money Matters column from the Carmarthenshire Herald and the Llanelli Herald. By Mark Jones, director of Carmarthen-based Clay Shaw Butler chartered accountants and business consultants. Capital Gains Tax and Inheritance Tax may not be the ‘headline-grabbers’ they once were. But, for many, they are major points of interest. The Government’s Autumn Statement focussed on a number of capital tax issues. The Chancellor George Osborne combined the Autumn Statement and with what is called a Spending Review when he presented his key points to Parliament. Here is out summary of just some of the key capital tax issues – Capital gains tax (CGT) rates and annual exemption: No changes have been announced in respect of CGT rates or the annual exemption. CGT payment window: From April 2019, a payment on account of any CGT due on the disposal of residential property will be required to be made within 30 days of the completion of the disposal. This will not affect gains o...