Skidpan, I hope you use an accountant if/when you have capital gains to return...

Only had to do it once and that was when I sold some building land back in 1989. Taxman wanted "X" amount and I had calculated I owed "Y". After showing him my figures he agreed, a 50% reduction, paid for the Caterham with a bit to spare. No need for an accountant.

Secondly, indexation ("inflation") allowance was completely abolished at 6/4/98, except for companies. For companies, it continued up to 1/1/18 and is now frozen.

Not aware of that but since I have not need to pay any I have not kept upto date with the rules.

First of all, normal motor cars are CGT exempt. This exemption is longstanding and reflects the fact that most non-traders lose money on their cars.

It was me that brought up the subject of CGT ... I did not know that motor vehicles were exempt but again have never sold a car at a profit ... but for most other assets the comment is sound ..

unlike the OP's which do look as if they are advertising a linked product, but I won't click the link in case it has an unwelcome additional download in tow ....

Edited by Smileyman on 09/04/2018 at 23:10