Navigating the ever-evolving landscape of capital gains tax rates can be a daunting task for real estate investors. As we step into 2024, understanding the new tax rates is crucial for your investments. Here's what you need to know and how to plan strategically for the year ahead. 🏘️ New Rates and What They Mean for You In 2024, capital gains tax rates have adjusted, impacting your portfolio: Short-Term Capital Gains: Taxed as ordinary income, rates can be up to 37% for high earners. Long-Term Capital Gains: Favorable rates for investments held over a year: 0%, 15%, or 20%, based on your taxable income. 🧮 Knowing your income bracket is essential for investment planning. Impact on Real Estate Investments For real estate investors, these changes require a closer look at your holding periods and strategy: Holding Periods: Benefit from lower long-term rates by holding properties for more than a year. 1031 Exchanges: Defer capital gains taxes through like-kind exchanges, a powerful tool for growing your portfolio. Opportunity Zones: Investing in these zones offers significant tax benefits, including deferral and potential exclusion of gains. Strategic Planning for 2024 Personal experience has shown me the value of proactive tax planning. Last year, using a 1031 exchange allowed me to defer substantial taxes and reinvest in higher-yield properties, saving money and expanding opportunities. 🔄 Action Steps Consult with Tax Professionals: A CPA or tax advisor can tailor strategies to your situation. Review Your Portfolio: Regularly assess holdings for tax-efficient restructuring. Stay Informed: Tax laws change, so stay updated through forums, webinars, and industry publications. Join the Conversation! How are you planning to navigate the new capital gains tax rates in 2024? Share your strategies and experiences below. Let's learn and grow together. 📈 #RealEstateInvesting #CapitalGainsTax #TaxPlanning #1031exchange #opportunityzones #realestatestrategy #FinancialPlanning Share your thoughts, and let's discuss how we can make 2024 a successful year for real estate investments!
Last week we had Chai pe charcha meeting with @rebest_realty team. It covered many topics related to #tax saving tips for #realtors and #investors in Canada. Highlight was the changes to #capitalgainstax . (Screenshot of capital gains tax discussion attached). Thanks for the opportunity @mikearora.gta
Understanding the differences between income tax and capital gains tax can significantly impact your financial planning 🧾💼 #LLCSTRUCTURING #BusinessFunding #TaxTalk #FinancialLiteracy #IncomeTax #CapitalGainsTax #TaxStrategy #Investing #WealthManagement #TaxPlanning #FinancialFreedom #SmartInvesting #TaxSeason #MoneyMatters
This week, let's dive into the term, "Refinancing" 🏡 When you refinance your mortgage, you replace your existing mortgage with a new one on different terms. 🔄 You might do this to consolidate debts 💳 or use the equity in your property to increase your mortgage loan amount for large expenses 💰. Speak to your mortgage broker for more accurate and up-to-date information! 📞 Like.Share.Comment.Follow Canada Housing & Mortgages🏡 @canada.housing.mortgages ---------------------------------- #canadahousingmortgages #Canadamortgages #CanadianRealEstate #realestateagent #mortgagerate #mortgages #homeownership #mortgagebroker #canadahousing #mortgageadvice #mortgagetips #WordPlayWednesday #MortgageRates #housingmarket #homebuyingtips #firsttimehomebuyer #homebuyers #CapitalGainsTax #CapitalGains
Understanding capital gains tax on a residential property and what that means for you. 📈 You might want to consider selling your investment properties before June 25th, 2024 to avoid the new inclusion rate increase. 🏘️ What are capital gains? When you sell an asset or investment for more than you paid for it, that difference is your capital gain. Capital gains tax does not apply to your primary residence. What is capital gains tax? The value of a capital gain is treated as income during the year you sold your investment property. Only a portion of the gain gets taxed. An individual taxpayer would continue to pay tax on 50 per cent of the gain. For every dollar beyond $250,000, two-thirds (66.7%) would be taxable, this also applies to a secondary property, such as a cottage. Have any questions about capital gains or what step you should take? Would love to chat! ☎️ Mike Mifsud, CEO & Broker of Record HomeLife Nu-Key Realty Ltd., Brokerage 📱+1 705-321-0132 📨 [email protected] #barrie #bariierealestate #investmentproperties #innisfil #homelife #inclusionrate #capitalgains #capitalgainsincrease #investmentproperty #taxrate #canada #capitalgainstax #investor
As home values rise, more homeowners face capital gains taxes when selling property. Most Americans do not owe taxes for selling a primary residence because of a special tax break — known as the Section 121 exclusion — that shields up to $250,000 of profits for single filers and $500,000 for married couples filing together. Yet, profits exceeding these limits are becoming more common, as nearly 8% of sales surpassed $500,000 in 2023. To reduce your tax bill, experts suggest increasing your home’s basis by including purchase and sale fees. These may include: • Title fees • Charges for utility installation • Legal and recording fees • Surveys • Transfer taxes • Title insurance • Balances owed by the seller You can further increase your home’s basis by tacking on the cost of eligible upgrades. Keep meticulous records of these expenses, including receipts and photos. This strategy helps minimize taxable gains and potentially lowers your capital gains tax liability. Source: cnbc.com #RealEstate #HomeSales #CapitalGainsTax #TaxBreak #HomeValue #Section121Exclusion #TaxTips #HomeImprovement #FinancialPlanning #RealEstateInvesting #PropertyTax #MarksRealty #HomeSellingTips
Having a Personal Tax Account is really important this is where you can check your tax, claim a tax refund, check your state pension. If you don’t have one you should set one up, they are easy to do and give you control over your tax. www.gov.uk/personal-tax-account 🌿 jcaccountingltd.co.uk 🌿 01945 429813 🌿 [email protected] . . #accounting #smallbusinessaccounting #CapitalGainsTax #makingtaxdigital #taxreturn
Understanding Capital Gains Tax (CGT) is crucial when dealing with assets like stocks, bonds, and precious metals. With a maze of legislation and potential tax savings through reliefs and exemptions, navigating CGT requires expert guidance. Our expert independent financial advisers specialise in preparing CGT computations, claiming entitled reliefs, and calculating liabilities. Whether selling personal assets or part of your business, our tailored advice ensures smart tax planning to mitigate potential liabilities. Reach out today for personalised tax guidance 👇 📞 01744 885555 ✉ [email protected] 🌐 allisonsfinancial.com/ #AllisonsFinancialPlanning #Independent #CapitalGainsTax #CGT #TaxPlanning #FinancialAdvice #IndependentAdvisers #TaxSavings #SmartInvesting #PersonalAssets #BusinessAssets #Rainford #StHelens
Buyer awareness in property transactions, especially in relation to income tax obligations, is crucial for avoiding legal and financial pitfalls. #PropertyTax #CapitalGainsTax #HomeLoanTaxBenefits #RealEstateInvestment #BuyerBeware #TaxDeduction #RealEstateTax #IncomeTax #NRITaxation #StampDuty #thinkbizfilings #thinkbiz
🌟 Let's talk capital gains tax when it comes to real estate 🌟 Capital gains tax is the tax you pay on the difference between what you paid for an investment property and what it's worth when you sell it. For example, if you bought a house for $300K and sold it later for $500K-you would be taxed on the capital gain of $200K. The good news is that you can deduct certain costs associated with the property, like closing costs or renovations, to help lower the amount of capital gains tax you owe. Need advice? Contact us today! #capitalgainstax #realestate #homeloans #brisbanebroker
The impact of your HomeOffice deduction on capital gains tax in South Africa can vary depending on your specific circumstances. It's important to consult with a tax professional or financial advisor to understand how claiming a home office deduction may affect your capital gains tax liability. We can provide personalized guidance based on your individual situation. If you have any more questions or need further assistance, feel free to ask! #TaxAdvice #CapitalGainsTax 🏡💼📈
Kent Vuong, Senior Manager, discusses how careful tax planning and strategising is essential when considering the winding up of a company’s affairs. Check out this article and more at our On The Pulse newsletter - link in bio. #Liquidation #CapitalGainsTax #MembersVoluntaryLiquidation #Insolvency #Shareholders
Homeowners face a critical decision: sell their property now and potentially face capital gains taxes or wait until one spouse passes away to benefit from the step-up basis rule. #realestatetax #capitalgainstax #estateplanning #taxstrategy 🔗 Link in Stories and Bio
In this special edition of The Living Market, Philip and special guest Aurèle Courcelles discuss the key areas for investors to focus on right now: https://ow.ly/Lqeu30sCAVx. Subscribe, rate and review now. #sp500 #stocks #trader #IGLivingMarket #finance #invest #capitalgainstax
Are you a savvy investor looking to maximize your returns while minimizing tax liabilities? Enter the 1031 exchange, a powerful tool in the realm of real estate investment. Here's how it works: when you sell a property and reinvest the proceeds into a similar property within a specific timeframe, typically 180 days, you can defer paying capital gains taxes on the profit from the sale. This allows you to leverage your gains and reinvest them into new opportunities without the burden of immediate tax obligations. Ready to take advantage of the 1031 exchange and defer capital gains taxes? Contact us today to learn more about how Bridgeport Capital Advisors can help you optimize your investment strategy. 🌟💰 ❤️ Follow us for more @bridgeportcapital 📩 Subscribe to our Newsletter - Link in Bio #1031exchange #capitalgainstax #realestateinvesting #taxdeferral #investmentstrategy #financialplanning #bridgeportcapitaladvisors #taxsavings #wealthmanagement
Are you a savvy investor looking to maximize your returns while minimizing tax liabilities? Enter the 1031 exchange, a powerful tool in the realm of real estate investment. Here's how it works: when you sell a property and reinvest the proceeds into a similar property within a specific timeframe, typically 180 days, you can defer paying capital gains taxes on the profit from the sale. This allows you to leverage your gains and reinvest them into new opportunities without the burden of immediate tax obligations. Ready to take advantage of the 1031 exchange and defer capital gains taxes? Contact us today to learn more about how Bridgeport Capital Advisors can help you optimize your investment strategy. 🌟💰 ❤️ Follow us for more @bridgeportcapital 📩 Subscribe to our Newsletter - Link in Bio #1031exchange #capitalgainstax #realestateinvesting #taxdeferral #investmentstrategy #financialplanning #bridgeportcapitaladvisors #taxsavings #wealthmanagement
In this special edition of The Living Market, Philip and special guest Aurèle Courcelles discuss the key areas for investors to focus on right now: https://ow.ly/ngE050RPpbI. Subscribe, rate and review now. #sp500 #stocks #trader #IGLivingMarket #finance #invest #capitalgainstax
Today we had a sick kid, and a farm settlement. So, bring on the paint on plaster & gratitude for the Children’s Room with Netflix and a sofa bed. Settlement happened, very happy clients, rested child and the show rolls on. #lawyerlife #workingparents #farmpurchasing #ruralconveyancing #stampduty #capitalgainstax
In this special edition of The Living Market, Philip and special guest Aurèle Courcelles discuss the key areas for investors to focus on right now: https://ow.ly/2YQ930sCufA. Subscribe, rate and review now. #sp500 #stocks #trader #IGLivingMarket #finance #invest #capitalgainstax
In this special edition of The Living Market, Philip and special guest Aurèle Courcelles discuss the key areas for investors to focus on right now: https://ow.ly/qE0Q30sCAmI. Subscribe, rate and review now. #sp500 #stocks #trader #IGLivingMarket #finance #invest #capitalgainstax
In this special edition of The Living Market, Philip and special guest Aurèle Courcelles discuss the key areas for investors to focus on right now: https://ow.ly/pzAi30sCzTM. Subscribe, rate and review now. #sp500 #stocks #trader #IGLivingMarket #finance #invest #capitalgainstax
"How to Navigate Capital Gains Taxes In a Challenging Real Estate Markert" is a very helpful article from Forbes. It's important to understand Cap Gains Tax BEFORE you get ready to list! #capitalgainstax #homelisting #housingmarket2024
What are HMRC's temporary non-residence rules? How long do you need to be out of the UK to be considered non-resident, and what happens if you return to the UK having realised gains? Should Capital Gains Tax (CGT) be paid or would those gains be considered outside the scope of UK taxation? Stay compliant with UK taxation rules - watch Laura Sant in our latest video. See link in the comments. To stay compliant with HMRC and find out if you are paying the right tax in the right place at the right time, visit LSRPartners.com and book a consultation. LSR Partners LLP are a firm of UK tax advisors with specific expertise in UK tax regulations for those with financial interests both in the UK and abroad. Contact us on +44 330 165 5340 or email [email protected] UK tax clarity for global clients - Pay the right tax in the right place at the right time. #expattax #internationaltax #uktax #expatriate #hmrc #capitalgainstax #nonresidence
Right time to file income tax returns #incometaxduedate #charteredaccountant #letstalktaxes #salary #businesstaxes #capitalgainstax #capitalgains #tradingtaxes #futuresandoptionstaxes #taxrefund #incometaxreturns #auditor #taxfiling #returnfiling #tds #tdsrefund #incometaxrefund #incometax #incometaxreturn #incometaxseason
📢𝐁𝐫𝐞𝐚𝐤𝐢𝐧𝐠 𝐍𝐞𝐰𝐬: 𝐏𝐫𝐨𝐩𝐨𝐬𝐚𝐥 𝐭𝐨 𝐄𝐧𝐝 𝐓𝐚𝐱 𝐄𝐱𝐞𝐦𝐩𝐭𝐢𝐨𝐧 𝐨𝐧 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐆𝐚𝐢𝐧𝐬 𝐟𝐫𝐨𝐦 𝐑𝐞𝐬𝐢𝐝𝐞𝐧𝐭𝐢𝐚𝐥 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐒𝐚𝐥𝐞𝐬! Sources indicate that there is a proposal under consideration to end the tax exemption on capital gains from the sale of residential properties. This move could significantly impact homeowners and real estate investors, altering the financial landscape for property transactions. 🏠 #RealEstate #CapitalGainsTax #TaxExemption #PropertySale #HomeOwners #InvestmentNews #TaxProposal #HousingMarket #FinancialPlanning #RealEstateInvesting #EconomicPolicy #TaxChanges #HomeSales #PropertyInvestment #BreakingNews
🚨 Capital Gains Tax Alert: What You Need to Know! 🚨 Big changes are coming to capital gains taxes, and they could impact your investments and retirement plans. Swipe through our carousel to understand how these changes might affect you, your assets, and your professional corporation. From new tax rates to strategic solutions, we've got you covered. 💡 Key Points: - New tax rates for individuals and corporations - Impact on properties, investments, and more - Challenges for professionals like doctors, lawyers, and dentists - Timing of legislative changes and what it means for you - Life insurance as a strategic tool to manage tax burdens Stay informed and plan ahead to make the most of your investments. Share this post with anyone who might benefit from this crucial information! 📈💼 📞 To learn how insurance can help buffer these new tax rules, call me at 403-617-3498 to discuss. #CapitalGainsTax #TaxChanges #InvestSmart #FinancialPlanning #WealthManagement #EstatePlanning #RealEstate #Investments #ProfessionalCorporations #TaxStrategy #FinancialAdvice
📢 Canada's 2024 budget proposes big changes to capital gains tax! 💰 Here's what you need to know: -Current: 50% of gains taxed -Proposed: Increase to 66.67% - Who's affected: Corps, trusts, individuals with gains over $250k Read the blog for a simple guide to understanding these changes. Link in bio. #CapitalGainsTax #2024FederalBudget #FinancialPlanning #Taxation #WealthManagement #PersonalFinance
🔍 Wondering how to save on capital gains tax? With recent reductions in the tax-free allowance, it's essential to explore strategies to minimise your tax liabilities. Capital gains tax (CGT) is what you pay when you profit from selling assets like property or investments. But fear not, there are ways to ease the burden: Manage Your Income: Lowering your taxable income through pension contributions can help you qualify for a lower CGT rate. Time Your Sales: Splitting asset sales across tax years can maximise your Annual Exempt Amount, spreading gains for optimal tax efficiency. Utilize ISAs: Selling assets to exhaust your Annual Exempt Amount and repurchasing them within an ISA can shield future gains from taxation. Leverage Joint Ownership: Jointly owned assets allow for combining Annual Exempt Amounts, potentially reducing tax liabilities. Transferring assets between spouses can further optimise tax obligations. As the CGT landscape evolves, staying informed and proactive is key. Our expert advisers at Crouchers Ltd can assess your situation and provide tailored strategies to minimise CGT. Don't pay more tax than necessary—reach out to us for personalised advice today! 💼💡 #CapitalGainsTax #TaxSavings #FinancialAdvice
This month in Transforming Alberta's Economy: Issue 23... Explore exciting Western Canadian news and events, including a $1M investment in Bōde, the return of ZayZoon's services to Canada, and major funding for hydrogen power projects. Discover how Canada's capital gains tax changes might impact the tech sector. Plus, get insights from April's episodes of Collisions YYC. Stay informed, stay ahead, and see how Alberta shapes the future. Read the latest issue by visiting our bio link. 🔗 #TransformingAlbertasEconomy #CollisionsYYC #WesternCanadianNews #ABTech
Navigating the world of finance like a pro 💼✨ Exploring the ins and outs of capital gains tax and its impact on investments 📈💰 Knowledge is power, and understanding the tax game is key to financial success! 💪💡 #Finance #CapitalGainsTax #Investment #Accountancy #Tax #VAT #TaxAdvisor #Advice #Compliance #HMRC #Budget2024 #Walsall #Birmingham #Stafford #wolverhampton
In this special edition of The Living Market, Philip and special guest Aurèle Courcelles discuss the key areas for investors to focus on right now: https://ow.ly/8ZkQ30sCwMm. Subscribe, rate and review now. #sp500 #stocks #trader #IGLivingMarket #finance #invest #capitalgainstax
Selling an asset may mean you need to pay Capital Gains Tax (CGT) on any gain you make. Find out how splitting your assets with a spouse or civil partner, along with other strategies, can help you get on top of CGT: https://partnership.sjp.co.uk/article/detail/sjpp/reduce-your-capital-gains-tax-bill-by-splitting-assets-with-your-other-half.html #taxplanning #financialplanning #capitalgainstax
Are you selling a property in India? 🏠📈 Learn all about Capital Gain Taxation with CA Vaibhav Chavan's latest article! Read here - https://www.cavaibhavchavan.com/articles/understanding-capital-gain-taxation-on-property-sale-in-india Dive deep into the complexities and make informed decisions to optimize your returns. 💡📊 Don't miss out on expert insights and tips! Contact CA Vaibhav Chavan today! 📞 +91-91586 09607 🌐 www.cavaibhavchavan.com #CapitalGainsTax #cavaibhavchavan #PropertySale #TaxationInIndia #RealEstate #InvestmentTips #FinancialAdvice #TaxPlanning #WealthManagement #PropertyInvestment #RealEstateTax #TaxExperts #IndianTaxation #TaxSaving #PropertyProfits #FinancialLiteracy
#incometaxduedate #charteredaccountant #letstalktaxes #salary #businesstaxes #capitalgainstax #capitalgains #tradingtaxes #futuresandoptionstaxes #taxrefund #incometaxreturns #auditor #taxfiling #returnfiling #tds #tdsrefund #incometaxrefund #incometax #incometaxreturn #incometaxseason
In this special edition of The Living Market, Philip and special guest Aurèle Courcelles discuss the key areas for investors to focus on right now: https://ow.ly/pQLA30sCv9u. Subscribe, rate and review now. #sp500 #stocks #trader #IGLivingMarket #finance #invest #capitalgainstax
President Biden proposes a 44.6% capital gains tax, the highest in history. The proposal also includes a 25% tax on unrealized gains for high-net-worth individuals. . . . . . . . . . . . #presidentbiden #uspresident #tax #capitalgainstax #crypto
Checking your National Insurance records There is an online service available on HMRC to check your National Insurance Contributions (NIC) record online. The service is available at https://www.gov.uk/check-national-insurance-record 🗻 Link in bio or message us for more info! 🗻 #AccountingServices #Bookkeeping #TaxReturns #FinancialConsultancy #SmallBusinessAccounting #TaxPreparation #CapitalGainsTax #TaxSavingTips #CharteredAccountantUK #SelfAssessmentUK #UKSmallBusiness #AccountingUK #Quickbooks #Accountant #UKBookkeeping #Smallbusiness #Payroll #Businessowner #Bookkeeper #Accountinglife #Startup #Financialfreedom #EchoAccountants #NewBeginnings #NIC #CheckingNICRecords https://echoaccountants.co.uk/news?view=newsfeed&command=viewitem&id=26919&utm_campaign=Checking%20your%20National%20Insurance%20records&utm_source=instagram&utm_medium=social%20media
£99 CGT Reporting: Fast, accurate, affordable. That's tax done right! 𝗙𝗼𝗿 𝗺𝗼𝗿𝗲 𝗶𝗻𝗳𝗼 𝘃𝗶𝘀𝗶𝘁: www.taxeezy.co.uk . . . . . . . . . #taxeezy #capitalgains #capitalgainstax #capitalgainstaxsolutions #cgtreporting #TaxExperts #taxsolutions
President Biden’s budget proposal for 2025 suggests a substantial rise in the capital gains tax rate, which could climb to 44.6% for those with higher incomes. This would mark the highest rate for capital gains tax in more than a hundred years in the United States. The increase is intended to balance the taxes on investment income with those on wages. Critics of the proposed tax increases, which also aim to raise the net investment income tax rate by 1.2 percentage points, believe these changes could hinder economic growth and investment. - - - - - #taxreform #investment #economy #incometax #taxes #fiscalpolicy #economicgrowth #budget2025 #capitalgainstax
Capital gains tax, the usual dinner table talk! There's big changes coming to the capital gains inclusion rate this June and this directly affects the amount you earn from your real estate investment. If you want more information about this - contact our team! 📲 403.317.0300 💻 [email protected] #themoreyouknow #capitalgainstax #investmentrealestate #realestateportfolio #yqlhomes #rootscrew #southernalbertahomes
In this special edition of The Living Market, Philip and special guest Aurèle Courcelles discuss the key areas for investors to focus on right now: https://ow.ly/cltW50RIJjQ. Subscribe, rate and review now. #TheLivingMarketPodcast #PhilipPetursson #sp500 #stocks #trader #IGWealthManagement #IGLivingMarket #finance #invest #stockmarket #capitalgainstax
In this special edition of The Living Market, Philip and special guest Aurèle Courcelles discuss the key areas for investors to focus on right now: https://ow.ly/GAM830sCu4m. Subscribe, rate and review now. #sp500 #stocks #trader #IGLivingMarket #finance #invest #capitalgainstax
💷 How can you save on Capital Gains Tax? 💷 In the last two years, the tax-free allowance for Capital Gains Tax has been cut by over three-quarters. We look at how this liability might be reduced. Folkes Worton LLP Chartered #Accountants #AccountingForTheFuture #capitalgainstax #CGT Find out more at: https://www.fwca.co.uk/how-can-you-save-on-capital-gains-tax/
In this special edition of The Living Market, Philip and special guest Aurèle Courcelles discuss the key areas for investors to focus on right now: https://ow.ly/pegU30sCu6v. Subscribe, rate and review now. #sp500 #stocks #trader #IGLivingMarket #finance #invest #capitalgainstax
In this special edition of The Living Market, Philip and special guest Aurèle Courcelles discuss the key areas for investors to focus on right now: https://ow.ly/XbEo30sCtat. Subscribe, rate and review now. #sp500 #stocks #trader #IGLivingMarket #finance #invest #capitalgainstax
Another clients review. Thank you for trusting me with your estate planning. It was a pleasure working with you and your family. if you would like to discuss any of your concerns or would like information regarding your Wills, Trusts and Lasting Power of Attorney, then please get in touch on 0116 326 4050. Happy to discuss over the telephone, video call or face to face. @rk_wills_estate_planning #rkwills #rkestateplanning #wills #trusts #trustplanning #lastingpowerofattorney #probate #estateplanning #inheritance #tax #inheritancetax #capitalgains #capitalgainstax #testimony #testimonial #review #reviews #happycustomers #happycustomer #smallbusiness #supportlocal #singh #sikh #kaur
Understanding Chattels: 🏠🔑 When it comes to property, understanding chattels is essential. Here’s the scoop: Definition: A legal term for tangible, movable property—things you can touch and move. Includes personal possessions like: • Household furniture • Paintings and antiques • Crockery, china, and silverware • Motor vehicles (cars, lorries, motorcycles) • Plant and machinery not permanently fixed to a building Exemptions: • Private cars are exempt from Capital Gains Tax. • Some chattels with limited lifespans are also exempt. Capital Gains Tax: • If you dispose of any other chattel, you may be liable for Capital Gains Tax. • Calculate gains and losses based on disposal proceeds and actual gain. Remember, knowing about chattels ensures a smooth property journey! 🌟🏠 Smart decisions lead to successful mortgages! ☎️ Call 01239 727990 or 07508 147884 📩 Email [email protected] #PropertyOwnership #PersonalPossessions #CapitalGainsTax
💼💡 Avoid these common errors in Capital Gains Tax! 📈 From overlooking Annual Exempt Amounts to missing deadlines on property disposals, here's what to keep in mind: 1. Utilise the Annual Exempt Amount for yearly gains. 2. Submit residential UK property disposal returns within 60 days of completion. 3. If PPR applies on a property disposal, the final exempt period of ownership that qualifies for relief is now often only 9 months. 4. Understand the eligibility criteria for letting relief. 5. Be mindful of the £1m lifetime limit on Business Asset Disposal Relief. 6. You’re unlikely to be able to claim BADR alongside investor relief for disposal of the same asset. 7. Remember if you receive a capital distribution from a Co during a winding up, the amount is chargeable to tax. Stay informed and stay ahead! Contact us through our bio for support👇 #CapitalGainsTax #TaxTips #FinancialWisdom 💰📝
What is Capital Gains Tax? . . Follow @wealthciti for more updates . . Disclaimer: This page is only for education purpose. Before investing take advice from fund advisory. . . #stocks #investment #money #profit #expensivestock #capitalgainstax
What is CGT? 🤔 Here's the lowdown 💾 Save this for when you might need to know about CGT, and share 📨 with any friends who invest in property, shares or crypto-assets! 👍 If you're a UK tax payer, follow for more accounts and tax tips 👌 #CGT #CapitalGainsTax #TaxTips #SmallBusiness #AccountingTips #BusinessTips #Solopreneur #Entrepreneur #CharteredAccountant #UKAccountant #ShropshireAccountant #Ludlow #Bridgnorth #Shropshire
Wondering how the 2024 federal budget's new capital gains tax changes might affect you? Get the essentials here!💼🏠📈 Read on to stay informed and proactive about these updates, ensuring your financial decisions align with the latest policies. #TaxChanges #2024Budget #CapitalGains #TaxPlanning #FinancialAdvice #StayInformed #Budget2024 #FinancialPlanning #TaxUpdates #InvestmentAdvice #WealthManagement #TaxStrategy #CapitalGainsTax
President Biden proposes a 44.6% capital gains tax, the highest in history. The proposal also includes a 25% tax on unrealized gains for high-net-worth individuals. . . . . . . . . . . . #presidentbiden #uspresident #tax #capitalgainstax #crypto
In this special edition of The Living Market, Philip and special guest Aurèle Courcelles discuss the key areas for investors to focus on right now. Listen now through the link in bio. Don’t forget to subscribe, rate and leave a review! #TheLivingMarketPodcast #PhilipPetursson #sp500 #stocks #trader #IGWealthManagement #IGLivingMarket #finance #invest #stockmarket #capitalgainstax
In this special edition of The Living Market, Philip and special guest Aurèle Courcelles discuss the key areas for investors to focus on right now: https://ow.ly/zx1y30sCtao. Subscribe, rate and review now. #sp500 #stocks #trader #IGLivingMarket #finance #invest #capitalgainstax
In this special edition of The Living Market, Philip and special guest Aurèle Courcelles discuss the key areas for investors to focus on right now: https://ow.ly/OC4930sCsqR. Subscribe, rate and review now. #sp500 #stocks #trader #IGLivingMarket #finance #invest #capitalgainstax
In this special edition of The Living Market, Philip and special guest Aurèle Courcelles discuss the key areas for investors to focus on right now: https://ow.ly/f6IH30sCsw2. Subscribe, rate and review now. #sp500 #stocks #trader #IGLivingMarket #finance #invest #capitalgainstax
In this special edition of The Living Market, Philip and special guest Aurèle Courcelles discuss the key areas for investors to focus on right now: https://ow.ly/fUrZ30sCsKS. Subscribe, rate and review now. #sp500 #stocks #trader #IGLivingMarket #finance #invest #capitalgainstax
📢 Important Update on Capital Gains Tax Changes! 🏡 Attention homeowners and property investors! Starting June 25, 2024, there will be significant changes to the capital gains tax that could impact your investments. 🔍 What’s Changing? Currently, 50% of the capital gains from the sale of property (such as cottages, second homes, investment or rental properties) are taxable. However, for gains exceeding $250,000, this rate will increase to 66.7%. 💡 What Does This Mean for You? • If you sell your property after June 25, 2024, and the capital gain is more than $250,000, a larger portion of that gain will be subject to tax. • Capital gains are taxed as part of your income on your personal tax return, so it’s important to plan accordingly to avoid surprises. 🔑 Our Advice: • Review your property portfolio and consider the timing of any potential sales. • Consult with a tax professional to understand how these changes might affect your financial situation. • Stay informed and prepared to make the best decisions for your investments. At Al Dyck Homes, we’re here to help you navigate these changes. Reach out to us with any questions or for more information on how to best manage your property investments in light of the new tax regulations. 📞 Contact us today to discuss your options and stay ahead of the curve! Al Dyck 604-970-7083 #TaxUpdate #CapitalGainsTax #PropertyInvestment #RealEstateNews #AlDyckHomes
In this special edition of The Living Market, Philip and special guest Aurèle Courcelles discuss the key areas for investors to focus on right now: https://ow.ly/yXwQ30sCsv7. Subscribe, rate and review now. #sp500 #stocks #trader #IGLivingMarket #finance #invest #capitalgainstax
In this special edition of The Living Market, Philip and special guest Aurèle Courcelles discuss the key areas for investors to focus on right now: https://ow.ly/Zcoo30sCsC3. Subscribe, rate and review now. #sp500 #stocks #trader #IGLivingMarket #finance #invest #capitalgainstax
📈 If you've been following the recent budget announcement on April 16, you'll know that Trudeau revealed plans to adjust the capital gains tax inclusion rate. 💼 Under these proposed changes, the inclusion rate is set to increase from 50% to 66.7% after the first $250,000 of capital gains, with implementation slated for June 25, 2024. 💰 This move aims to have wealthier individuals contribute their fair share to the tax system, while still fostering investment and entrepreneurship across the country. 🌟 With specific details and timelines yet to be finalized, it's crucial for taxpayers to seek advice immediately from your accountant and legal experts. ✨ These changes could have significant implications, especially for those with substantial capital gains in non-principal residence real estate and other assets. It’s hard to say whether we can do any planning about it given the time frame, but worth the conversation in planning. Stay ahead of the curve and ensure your financial planning aligns with these adjustments! 💡 #CapitalGainsTax #BudgetAnnouncement #FinancialPlanning 🏡📊
In this special edition of The Living Market, Philip and special guest Aurèle Courcelles discuss the key areas for investors to focus on right now: https://ow.ly/JtnA30sCszg. Subscribe, rate and review now. #sp500 #stocks #trader #IGLivingMarket #finance #invest #capitalgainstax
April special election results are in. Unfortunately, the Eastmont school bond failed for the second time in a row, not because it didn’t get a majority – it did! Even though 59% of voters approved the bond, it failed because 60% of the vote is required to pass bond measures. When a school bond fails, our schools and children are the ones that lose the most. Every kid deserves great schools that are safe, easy to get around, and protected from smoke, heat, and cold, but they need all of us to vote YES to make that vision a reality. Huge shout to the folks at @supporteastmontschools Thank you for leading the way for our families and kids. In the future, we'll stand with you again to get our families and friends to vote yes for our schools. P.S. A King County millionaire is attempting to steal billions from our local schools by buying a tax break for himself and a few other mega-wealthy people in WA by repealing the 2023 Capital Gains tax. Join our email list and fill out our pledge to vote by clicking link in bio. It's going to be on the ballot in November and we're organizing our neighbors to keep schools funded. #EastmontSchoolDistrict #EastmontSchools #EastmontBond #SchoolBond #PublicSchools #EastWenatchee #NorthCentralWA #DouglasCounty #RuralPeopleVote #CapitalGainsTax