Budget 2017: capital gains tax - key measures

Stephen Relf CTA FCA reviews the Budget announcements affecting capital gains tax and business-related CGT increases, including changes to depreciatory transactions and freezing the capital gains indexation allowance at CPI

Taxation of carried interest

Finance Bill 2018 will include legislation to ensure that asset managers receiving carried interest pay CGT on the full economic gain.

It is intended that these changes will remove the special treatment afforded to carried interest that arises in connection with disposals of assets before certain dates in 2015.

The changes have immediate effect (ie, from 22 November 2017).

Corporation tax: capital gains depreciatory transactions

Your free features:

Breaking news and expert analysis
Customisable daily newsletters
Six free CPD learning modules each year
Personalised CPD tracker
Top 75 Firms league tables
Regulatory changes
Hardman’s Tax Data

Tax | Will 2% property income tax rise be last straw for residential landlords?

Finance | Top tips: revenue recognition accounting changes to FRS 102

Tax | Nine ways to beat the Budget tax tsunami

Finance | Legal updates: directors’ loan repayments under scrutiny

Tax | Q&A: inheritance tax and a director’s loan

Navigate

Tax Services

Your free features:

Sign up to Business & Accountancy Daily