Capital Gains Tax will bite harder next year

Posted on May 1st, by editor in Caring Times. No Comments

Property agents David & Co have warned that it may have gone unnoticed by those planning to sell their care home businesses that the changes to Capital Gains Tax (CGT) announced by the Chancellor on 8th October will seriously affect their tax liability when they come into force in April next year.

The company says anyone planning to sell their care home during 2008, particularly those with a view to retiring, may wish to consider doing so before April 2008 as the amount of CGT they are likely to pay will approximately double after that time.

Comments are closed.

Latest blog posts

Some failures are inevitable

By Caring Times editor GEOFF HODGSON

There’s a lot of speculation as to the near-term future of Four Seasons Health Care: as to if it will...

Some things cannot be ignored

By Caring Times editor GEOFF HODGSON

What do we take away from the Competition and Markets Authority’s final report on the care homes sector? I think...

Never so Green

By Guest Blogger JEF SMITH

There was very little for one’s comfort in the Government’s mid-November announcement on the way forward for making policy on social...