hadleigh
Apprentice
Joined: 08 Dec 2004
Posts: 2
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 Posted: 02/22/08 - 23:29 Post subject: |
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| Capital Gain Tax (CGT) exemption is when giving a share to your wife, as in this case, so that part of gain increased for her could allow use of an exception. Equally your wife’s’ income may be liable to tax at lower rate than you are on the gain. Capital Gain Tax is payable on ten months after the end of the year. If you have more than one, in other words more properties, the tax may be less. It’s the case because the fixed exemption is available. The advantages are: future income from property |
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