CAPITAL GAINS
By careful planning, your tax liabilities can be kept to a minimum. If you own a limited company, are a sole trader or a partner in a business, we can help you ensure you are drawing down monies from your company in the most tax-efficient way.
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Capital Gains Tax is levied on the increase in value of an asset. It can arise on a gift or a disposal of a chargeable asset including land and buildings.
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Many of our clients are surprised to learn that not all assets are liable to Capital Gains Tax. Helping you navigate your way through the range of exemptions and reliefs that you can take advantage of is one of our key services, such as:
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Use of the annual capital gains tax exemption. (For jointly owned assets, both spouses/civil partners will each have the annual exemption available);
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Transfers between husband and wife/civil partners;
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Entrepreneurs’ relief on business assets;
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Trust fund management.
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Our accountancy service and advice helps you calculate your exposure to Capital Gains Tax, providing you with options for restructuring your affairs accordingly.
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Require more information?
If you would like more information or would like to speak to us direct then call us on 02086416666.
Or if you would prefer, ask us a question online.