AAG Financial Education’s Post

Thinking of selling your second property? Cashing in a share portfolio? Whether you give away assets to your other half or do something entirely different, we can help you manage your finances as tax-efficiently as possible. #CGT #financialplanning

📈 #CapitalGainsTax (CGT) Update: Key Changes for 2025/26 📈 From 30 October 2024, the new #CGT rates apply to some asset types. Here’s what you need to know: 💼 General CGT Rates - Basic Rate Band: Increased to 18% (previously 10%) Outside Basic Rate Band: Now 24% (was 20%) 🏠 Residential Property: Unchanged CGT rates - 18% within the basic rate band and 24% outside. 🚀 Business Asset Disposal Relief (BADR) - Entrepreneurs can still benefit, with the lifetime limit remaining at £1 million. New CGT Rates: 14% from 6 April 2025, increasing to 18% on or after 6 April 2026. Get in touch with #ViewpointAccountants today: 📞 01245 258689 #CGTUpdate #CapitalGains #BADR #FinanceTips #TaxUpdates #TaxPlanning #UKTax

Selling an asset may mean you need to pay Capital Gains Tax (CGT) on any gain you make. There are several ways you can reduce this bill, including splitting or giving assets to your spouse or civil partner. Whether you give away assets to your other half or do something entirely different, we can help you manage your finances as tax-efficiently as possible. Read more: https://lnkd.in/dFdUDj5a #Asset #CGT #TaxEfficient

Until my colleagues highlighted it, I'd not really paid much attention to it, but there's a bit of a change to the CGT rates. But if you’ve got a property sale in the pipeline, is it better to delay this until after 6 April? Click the link below to read my esteemed colleagues thoughts! #PrivateWealth #budget2024 #CapitalGainsTax

My early understanding of the budget and its impact on mutual funds. 1) dividend derived from mutual funds, will be taxed @25% which was 15% previously. The only benefit for corporate investors is exemption on "profit on debt" since both CGT and WHT will be charged @ 25% 2) income derived from debt and over PKR 5MN in a year, will be taxed up to 45% (normal taxation) which was previously 35% 3) Govt hasn't changed the treatment of CGT to normal tax which is a positive sign for the market. So the CGT on mutual funds will remain intact and the only option for investors to avoid normal taxation. However, the new proposed CGT on individuals is 15% subject to conditions and/or otherwise 10%. 4) CGT for non fillers is 45%. #budget #assetmanagement #CGT #WHT

I love what we do! We keep it simple, we help businesses avoid liquidation as you'll read in the case below. Our clients always come to us to avoid liquidation and bankruptcy. We look at all possibilities and the outcomes can be amazing, some have even said, life-changing. If you or your client have tax debt and you would like to know if avoiding liquidation or bankruptcy is possible, call us on 03 9070 9846. #taxdebt #taxhelp #taxassist #taxreduction #taxcompromise #liquidation #insolvency #negotiate

Selling an asset may mean you need to pay Capital Gains Tax (CGT) on any gain you make. There are several ways you can reduce this bill, including splitting or giving assets to your spouse or civil partner. Whether you give away assets to your other half or do something entirely different, we can help you manage your finances as tax-efficiently as possible. Read more: #Asset #CGT #TaxEfficient

Every single Canadian is looking for ways to save on taxes and grow their money and what if I told you that there is a special investment account where you do not have to pay taxes on the investment growth portion nor when withdrawing money from the account? This is exactly what a Tax-Free Savings Account does for you. You can withdraw funds from a TFSA anytime, for any purpose, without paying taxes or facing penalties or restrictions. Plus, these withdrawals won’t impact your eligibility for federal benefits or credits. And just to add the cherry on top, when you do it through Segregated Funds, it can come with unique guarantees. For example, it provides protection against market downturns by insuring 75% or 100% of the amounts invested. Another perk is that Segregated Funds may be protected from creditors if you declare bankruptcy. This feature is particularly appealing for business owners or professionals with significant liability risks. There is a lot I can share with you but little time here, so please get in touch with me and we can set up your very own TFSA account. 📲 (647) 328-8113 📧 [email protected] #TFSA #tax #taxadvantages #investments #Vaughan #RichmondHill #Thornhill #Toronto

With Labour considering raising rates to 45% and potentially abolishing Business Asset Disposal Relief. This means that the tax efficiency of a Members' Voluntary Liquidation (MVL) is under threat. If you’ve been planning to liquidate your business, the time to act is now to ensure you receive the current 20% CGT rate. The window may close after this month’s budget! Get in touch about liquidating your company ➡️ https://heyor.ca/2hzKoI #CGT #MVL #BusinessNews #TaxRelief #Liquidation

Selling an asset may mean you need to pay Capital Gains Tax (CGT) on any gain you make. There are several ways you can reduce this bill, including splitting or giving assets to your spouse or civil partner. Whether you give away assets to your other half or do something entirely different, we can help you manage your finances as tax-efficiently as possible. Read more: https://lnkd.in/eVazJqUG #Asset #CGT #TaxEfficient