How to BEAT the TAXMAN with a Negligible Value Claims

Описание: In this video, we again show you how to beat the taxman by looking at negligible value claims.

Where an asset has been lost or destroyed or the value of the asset has become negligible, it may be possible to take advantage of an allowable loss for capital gains tax purposes.

It should be noted, however, that the loss will only be an allowable loss if any gain on the disposal of the asset would have been a chargeable gain.

A distinction is drawn between assets that have ceased to exist and those that have become of negligible value.

Read more at https://truemanbrown.co.uk/aveley-acc...

KEEP IN TOUCH:
🌍 My website - https://www.truemanbrown.co.uk
📸 Instagram -   / truemanbrown1  
🔵 Facebook -   / truemanbrown  

DISCLAIMERS & DISCLOSURES

This content is for education and entertainment purposes only. We do not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.

#uktax #taxtips #cgt #negligiblevalueclaim #cgtlossclaim #cgtrelief #ukaccountant #charteredaccountant