We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
CGT Rollover/Holdover?
smokeyjoe1
Posts: 2 Newbie
in Cutting tax
I have just had some loan notes redeemed 12 months earlier than expected, due to the company being "floated" on AIM.This has not allowed me to get my finances in order and I am now facing a substantial CGT gain, in excess of my annual allowance, @ 28%. I am retired, but do have some rental properties which are valued at less than their original costs. Is there anything I can do to mitigate the CGT gain, i.e. transfer the properties to a LTD company(myself, spouse,childrens etc) and therefore create a loss to me personally that could off-set my gain on the loan notes ?
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.4K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.5K Work, Benefits & Business
- 601.3K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards