Simon Mitchell recently shared his thoughts with Wealth Briefing, looking at the recent proposed reforms to Capital Gains Tax and what this means for those potentially impacted.
In July 2020, the Office of Tax Simplification (OTS) published an online survey to seek views of individuals with experience of dealing with CGT.
There has been a lot of mumbling in the press over the last few weeks about the Government reviewing potential changes to Capital Gains Tax (CGT) in order to help fund the cost of the COVID-19 crisis.
Q. We want to help our 20 year old daughter buy her first flat, but we’re worried about putting such a valuable asset directly in her name. Is there anything we can do to protect the property until she’s a bit older?