Worldwide Disclosure UK is a programme launched by HM Revenue and Customs (HMRC) aimed at encouraging UK taxpayers to come clean about any tax liabilities they may have in relation to offshore income and assets. This programme gives taxpayers the opportunity to voluntarily disclose any income or assets they have…
Introduction Capital gains tax is payable when you sell an asset for more than its purchase price. The transfer of assets between spouses and civil partners is exempt from capital gains tax as the transfer is considered to be on a “no gain, no loss” basis. This simple case becomes…