Capital gains tax

[warpig1]

Can anyone recommend any books on the avoidance of paying capital gains tax?

thanks
warpig1

[BigMac]

This appears on the right hand side of the page and should answer questions such as: on what do I have to pay CGT?

Capital Gains Tax Guide
Guide to capital gains tax issues. Find out how much you should pay.
www.direct.gov.uk

Have a look there and if your particular circumstances are not covered then talk to an accountant/tax adviser for some proper advice.

[warpig1]

Thanks BigMac, just dont want to be hammered for 40% after working hard for 20 years but build a better future, sod's law I suppose (and by sod I don't mean Tony Blair, or perhaps I do!!!)

[warpig1]

'but' - that was meant to be 'to'

[jedimistress]

Warpig. Do you have any more details on the transactions you'd be willing to share and perhaps I can be more specific with a reply.

[warpig1]

jedimistress, basically I have my own property, where I currently reside and will be selling. Along with this I have 2 other properties which I purchased a number of years ago in order that I could, if I decided, retire early (my pension fund). I worked and saved extremely hard to buy these two properties and now I am considering realising the equity which is quite substantial. But I understand that over a certain amount (16K I think on each property) that I will be liable for 40% tax.

any advice would be gratefully appreciated, as I just feel that I am being shafted by the government no matter what I do.

Many thanks
warpig1