Donald Reid Group

Capital Gains Tax

A capital gain arises when certain capital assets are sold at a profit. From 6 April 2016 capital gains tax is charged at the rate of 10% on gains (including any held over gains coming into charge) where net total taxable gains and income is below the income tax basic rate band threshold.  


Company cars

The aim of the current tax regime for company cars is to encourage companies and their employees to chose more environmentally friendly cards.  


Tax-free childcare scheme

The government has introduced a tax incentive for Tax-Free Childcare. Under the scheme, the tax relief available is 20% of the costs of childcare up to a total of childcare costs of £10,000 per child per year.



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