01892 234884    •    020 3657 9079

info@ejfinancial.co.uk

  • EJ Financial Ltd
  • Pensions
  • Tax Planning
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EJ Financial Ltd1 Pensions2 Tax Planning3 Retirement Planning4 Equity Release5 Cash Flow Planning6 ISA's7 Inheritance Tax Planning8 Savings & Investments9
  • EJ Financial Ltd
  • Pensions
  • Tax Planning
  • Retirement Planning
  • Equity Release
  • Cash Flow Planning
  • ISA's
  • Inheritance Tax Planning
  • Savings & Investments
EJ Financial Ltd1 Pensions2 Tax Planning3 Retirement Planning4 Equity Release5 Cash Flow Planning6 ISA's7 Inheritance Tax Planning8 Savings & Investments9

Capital Gains Tax (CGT)

Capital Gains Tax (CGT) is payable on the value of any gain over the annual exemption of £11,300 (for tax year 2017/18) except for gains in ISA or Pension Tax Wrappers.

Gains on the sale of a main residence of CGT exempt.

The charge is 10% for Basic Rate Tax payers or 20% for Higher Rate Tax payers on all gains except those made on the sale of a second property.

The charge on second property gains is 18% or 28% respectively.

The gain is added to your current total income to see whether this takes you over the High Rate Personal Tax Allowance threshold. If it does, then the higher rate is applied.

For investments, outside of the above tax wrappers, CGT planning should take place each year to reset the clock to zero and use up that year's annual exemption.

There are ways of deferring CGT until death and CGT dies with you.

For more help Talk to Ted on 01892 234884.

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E J Financial Ltd
Registered in England and Wales. No. 9370740
Registered Address: 2nd Floor, Johnsons Building, The Broadway,
Crowborough, East Sussex TN6 1DE

Authorised and regulated by the Financial Conduct Authority. We are entered on the Financial Services Register No 670594 at www.fsa.gov.uk/register.

The Financial Conduct Authority does not regulate taxation and trust advice.

The value of your investment can go down as well as up and you may get back less than you have invested.

The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.

NOTE: None of the above constitutes advice, always consult a professional adviser before making any investment decisions.

Please talk to Ted on 01892 234884 for further information.

Click here to see our full terms and conditions

EJ FINANCIAL LTD
2nd Floor • Johnsons Building • The Broadway • Crowborough • East Sussex • TN6 1DE

01892 234884020 3657 907907484 138682

EJ Financial Ltd. Registered in England and Wales No 9370740
EJ Financial Ltd is authorised and regulated by the Financial Conduct Authority No 670594

Independent Financial Advisor
Financial Review & Planning • Pension Contribution Planning • ISA Contribution • Pension Freedom Advice • Protection
Investment Portfolio Management • Tax Planning • Retirement Planning • Trust Investment • Portfolio Reviews

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