BrassTax news

It’s an ill wind...

Every cloud... Always look on the bright side...

Enough already. Our point is this: the present state of the market has undoubtedly depressed values of some assets (you see - not much escapes us!). But the general view is that it is likely that these values will recover in time. So the current temporary depression in value presents opportunities. Some clients may have been considering gifts, re-organisations or restructurings but have been put off by the tax costs which might arise on deemed disposals at market value. A combination of the reduction of the CGT rate to 18% from last April, IHT changes, the temporary uplift in the SDLT threshold and a drop in values might well make this a good time to dust off those plans and reconsider whether the arrangements now make financial sense. "Buy now while prices are low" applies just as much to tax as to any other purchase.

For more information please contact your usual consultant or contact us on 0208 922 9201 or help@bkltax.co.uk.