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| Name | CONFUSING: 2024 Capital Gains Tax (CGT) Rates when selling residential property |
| Video Uploader | Video From International Tax Advice for US & UK Expats |
| Upload Date | This Video Uploaded At 08-04-2024 18:15:07 |
| Video Discription | Who is likely to be affected Individuals, trustees and personal representatives who are liable to pay Capital Gains Tax (CGT) on residential property gains. Private Residence Relief (PRR) will continue to apply on disposals of main residences. General description of the measure This measure reduces the higher rate of CGT on residential property gains from 28% to 24%. The lower rate will remain at 18%. In this eye-opening video, I reveal my secret strategies to legally minimize Capital Gains Tax (CGT) and save thousands of pounds! 💰 Learn how to navigate the complex world of UK tax law and optimize your finances like a pro. I'll walk you through important dates, essential tax forms, and provide two real-life examples that will blow your mind! Discover how to leverage tax allowances, exemptions, and deductions to your advantage. Don't miss out on this game-changing information that could potentially save you a fortune! #TaxTips #UKTaxLaw #CapitalGainsTax #MoneySavingHacks #FinancialFreedom Policy objective Cutting the 28% rate of CGT to 24% is expected to incentivise earlier disposals of second homes, buy-to-let property and other residential property where accrued gains do not fully benefit from PRR. This will generate more transactions in the property market, benefitting those looking to move home or get onto the property ladder. Use our free US/UK tax calculators: https://www.optimiseaccountants.co.uk Need to file UK or US tax returns? Let us know here https://www.optimiseaccountants.co.uk/become-a-client/ Transfer US$ and UK without the high commission and fees: https://www.currenciesdirect.com/register?afflno=0202110000646508 Book UK tax consultations: Use code YouTube15 to get a 15% discount https://optimiseaccountantsltd.as.me/optimiseaccountantstaxconsultation Get an US & International tax advice - Use code YouTube15 to get a 15% discount: https://optimiseaccountantsinc.as.me/schedule.php?appointmentType=category%3AUS%2FInternational Get UK / US Property Investment Advice: https://optimiseaccountantsltd.as.me/property-investment-advisory-services US specific support Open a UK or US bank account: https://wise.prf.hn/click/camref:1100loBZy Apply for an Individual Tax Identification Number (ITIN): https://www.optimiseaccountants.co.uk/knwbase/itin-form-w7/ File backdated US taxes to the IRS: https://www.optimiseaccountants.co.uk/irs-streamlined-foreign-offshore-procedures-sfop-eligibility-for-back-taxes-fbar/ Get a Cost Segregation study on US Real Estate Property: https://zjf538.isrefer.com/go/csf/Optimise/ Set up a US LLC company: https://www.optimiseaccountants.co.uk/tax-benefits-of-forming-a-limited-liability-company-llc-in-nevada-and-wyoming-for-foreign-investors/ Set up a US C Corporation: https://www.optimiseaccountants.co.uk/services/everything-you-need-to-know-about-starting-your-own-c-corporation/ Want reliable UK/US pension advice: https://planfirstwealth.com/ UK Specific Set up a UK limited company: https://www.optimiseaccountants.co.uk/what-is-a-uk-property-investment-company/setting-up-a-property-investment-company/ Open a UK business and personal bank account and get £50: https://www.tide.co/partners/optimise-accountants/ Get a Stamp Duty (SDLT) refund: https://www.optimiseaccountants.co.uk/stamp-duty-on-buy-to-let-properties/sdlt-refunds/ Claim Capital Allowances on Furnished Holiday Lets (FHL): https://www.optimiseaccountants.co.uk/knwbase/capital-allowances-rental-property/ |
| Category | Education |
| Tags | Simon Misiewicz | Optimise Accountants | UK Tax | US Taxes | Capital Gains Tax | CGT Rates | UK Tax Law | Tax Planning | Property Investment | Tax Allowances | Tax Exemptions | Tax Deductions | Finance Tips | Money Management |
