Capital gains tax
Helping you to keep more of your capital gains.
Capital Gains Tax (CGT) planning is a must for anyone who is intending to make a disposal of a capital asset for example, a share of a business or a company, stocks and shares or a property.
You could be liable to pay CGT where specific assets that you own are sold at a profit. However, as with other areas of tax, CGT is a minefield. It is not payable on all assets and there are tax reliefs which you may be able to claim to reduce your CGT liability.
At Walker Moyle we can advise you of the allowances that are currently available and how you can make use of them. For example, when calculating what CGT may be payable, we take into consideration your annual exemption as well as a number of other tax reliefs, including:
- Private residence relief
- Entrepreneurs’ relief
- Business asset roll-over relief
- Business asset gift relief
We also identify any losses incurred in previous years which you may be able to bring forward to reduce your liability.
We take a proactive stance on advising you of any current or future CGT liabilities you may have to pay and where possible we suggest ways of trying to minimise these liabilities.
Call us today for more information.