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Taper Relief

Less Capital Gains Tax through Taper Relief

Taper relief can mean paying far less capital gains tax in many cases.  The key to making the most of your taper relief is knowing how long to keep a hold of your investments - be they tied up in property or the stock market, you must know how to best use taper relief.  For more information click the following link:

As capital gains tax is payable on any profits arising from an investment, two of the main culprits here are Property capital gains and Shares capital gains - two investment vehicles which can involve large profit margins and subsequently more CGT unless taper relief is implemented.

If you hold on to these investments for any length of time, taper relief comes into play.  generally, the longer you hold on to the asset, the less CGT you will be liable to pay - knowing how to correctly utilise this handy tax break can save you a considerable sum.  Taxcafe publishes 2 guides which deal with this subject in detail, and can be viewed below:

 

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Taper Relief
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