{"id":7235,"date":"2021-03-15T23:00:46","date_gmt":"2021-03-15T23:00:46","guid":{"rendered":"https:\/\/thebusinessculture.co.uk\/hey\/?p=7235"},"modified":"2021-03-18T12:16:05","modified_gmt":"2021-03-18T12:16:05","slug":"selling-assets-chargeable-to-capital-gains-tax","status":"publish","type":"know-how","link":"https:\/\/thebusinessculture.co.uk\/hey\/know-how\/selling-assets-chargeable-to-capital-gains-tax\/","title":{"rendered":"Selling Assets Chargeable to Capital Gains Tax"},"content":{"rendered":"<p>If you have an asset such as shares that you\u2019d like to sell and it will result in you paying Capital Gains Tax (CGT), it\u2019s a good idea to delay the sale until 6<sup>th<\/sup> April 2021 or after.<\/p>\n<p>With the exception of residential property, selling assets before 6<sup>th<\/sup> April 2021 will result in the transaction being included in your 2020\/21 tax return, which needs to be paid by 31<sup>st<\/sup> January 2022. If you wait until after 6<sup>th<\/sup> April, the sale will go onto your 2021\/22 tax return, which won\u2019t be due until 31st January 2023.<\/p>\n<p>That\u2019s an entire year of extra time to save up, which will greatly benefit your budgeting and cash flow throughout 2021 and 2022. It just goes to show that sometimes a little patience can go a very long way.<\/p>\n<p>&nbsp;<\/p>\n<h2>Get in touch today<\/h2>\n<p>Need help with your tax and accounts? Call our Yorkshire office on 01482 235575, our London office on 0207 885 0605, or fill in our <a href=\"https:\/\/www.treybridge.co.uk\/contact-us\">contact form<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you have an asset such as shares that you\u2019d like to sell and it will result in you paying Capital Gains Tax (CGT), it\u2019s a good idea to delay the sale until 6th April","protected":false},"author":12312793,"featured_media":7234,"template":"","know_how_category":[],"class_list":["post-7235","know-how","type-know-how","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/thebusinessculture.co.uk\/hey\/wp-json\/wp\/v2\/know-how\/7235","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thebusinessculture.co.uk\/hey\/wp-json\/wp\/v2\/know-how"}],"about":[{"href":"https:\/\/thebusinessculture.co.uk\/hey\/wp-json\/wp\/v2\/types\/know-how"}],"author":[{"embeddable":true,"href":"https:\/\/thebusinessculture.co.uk\/hey\/wp-json\/wp\/v2\/users\/12312793"}],"version-history":[{"count":2,"href":"https:\/\/thebusinessculture.co.uk\/hey\/wp-json\/wp\/v2\/know-how\/7235\/revisions"}],"predecessor-version":[{"id":7237,"href":"https:\/\/thebusinessculture.co.uk\/hey\/wp-json\/wp\/v2\/know-how\/7235\/revisions\/7237"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thebusinessculture.co.uk\/hey\/wp-json\/wp\/v2\/media\/7234"}],"wp:attachment":[{"href":"https:\/\/thebusinessculture.co.uk\/hey\/wp-json\/wp\/v2\/media?parent=7235"}],"wp:term":[{"taxonomy":"know_how_category","embeddable":true,"href":"https:\/\/thebusinessculture.co.uk\/hey\/wp-json\/wp\/v2\/know_how_category?post=7235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}