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Where Taxpayers and Advisers Meet

Search found 7 matches

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by mpeill
Wed May 15, 2019 10:42 am
Forum: Savings & Investments, Pensions & Retirement
Topic: Taking pension as one lump sum
Replies: 2
Views: 138

Re: Taking pension as one lump sum

Thanks for you reply, that makes it clear. I am 68, but understand about the tax now.
by mpeill
Mon May 13, 2019 4:07 pm
Forum: Savings & Investments, Pensions & Retirement
Topic: Taking pension as one lump sum
Replies: 2
Views: 138

Taking pension as one lump sum

Since retiring from full time work, I’ve accrued a small pension from a part time job. This pension is now closing and will be offering me alternatives concerning my pension pot. Is it possible (and legal) to have them refund the full amount but directly into my wife’s bank account? As she does not ...
by mpeill
Fri Dec 16, 2016 2:01 pm
Forum: Capital Gains Tax, CGT
Topic: Selling Property Currently in Trust
Replies: 2
Views: 624

Re: Selling Property Currently in Trust

17th January 2011
by mpeill
Thu Dec 15, 2016 11:00 pm
Forum: Capital Gains Tax, CGT
Topic: Selling Property Currently in Trust
Replies: 2
Views: 624

Selling Property Currently in Trust

Several years ago, when my father died, my mother put their house into trust, with me and my brother as trustees with responsibility for the upkeep and maintenance of the property. My mother recenty had to go into a residential care home, funded by our local authority since her personal estate value...
by mpeill
Thu Jun 09, 2011 10:17 am
Forum: Capital Gains Tax, CGT
Topic: Capital Gains Tax on Company Shares?
Replies: 11
Views: 1764

Re: Capital Gains Tax on Company Shares?

I understand it is. I see that each year when the shares are purchased, at the end of the month of purchase I am paying an increased tax associated with the notional gain between price paid and the fair market value.
by mpeill
Wed Jun 08, 2011 4:41 pm
Forum: Capital Gains Tax, CGT
Topic: Capital Gains Tax on Company Shares?
Replies: 11
Views: 1764

Re: Capital Gains Tax on Company Shares?

There was a fixed price set for the shares at the start of a period, then 12 months later we had the option of buying the shares at that fixed price, regardless of the then current market value. There was therefore a notional gain, but the shares have never been sold to realise that gain.
by mpeill
Wed Jun 08, 2011 2:36 pm
Forum: Capital Gains Tax, CGT
Topic: Capital Gains Tax on Company Shares?
Replies: 11
Views: 1764

Capital Gains Tax on Company Shares?

I have bought shares in the company I work for, for the past several years. I am a normal rate taxpayer, on occasions slipping into the 40% rate. Is there a way I can sell the shares now, or sell some now and some next year, without having to pay CGT? In round figures: November 2005 bought shares co...

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