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| CGT annual exemption raised |
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The capital gains tax annual exemption limit will rise to £9,200 from 6 April 2007. The Capital Gains Tax (Annual Exempt Amount) Order 2007 (SI 2007/942) raises the annual CGT exemption from £8,800 in 2006/07 to £9,200 in 2007/08. Link
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About The Author  Sarah Laing Sarah is a Chartered Tax Adviser. She has been writing professionally since joining CCH Editions in 1998 as a Senior Technical Editor, contributing to a range of highly regarded publications including the British Tax Reporter, Taxes - The Weekly Tax News, the Red & Green legislation volumes, Hardman's, International Tax Agreements and many others. She became Publishing Manager for the tax and accounting portfolio in 2001 and later went on to help run CCH Seminars (including ABG Courses and Conferences). Sarah originally worked for the Inland Revenue in Newbury and Swindon Tax Offices, before moving out into practice in 1991. She has worked for both small and Big 5 firms. She now works as a freelance author providing technical writing services for the tax and accountancy profession. |
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Article Added Wednesday, 21 March 2007 | 3830 Hits |
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