Get capital gains tax advice from specialist accountants at TAX SAVVY.
Typically, capital gains tax arises on gains made on the sale or disposal of assets that exceed your tax-free allowance. We have decades of experience helping clients navigate the complexities around Capital Gains Tax (CGT).
We offer a fully bespoke CGT service and provide each customer with personalised tax advice. Our expert accountants have significant knowledge in all areas of personal and business taxation and will analyse your individual circumstances so we can help you make the most of any capital gains tax relief and available deductions.
Not only do we help reduce your capital gains tax liability, but we also ensure you are fully compliant with HMRC and will deal with them on your behalf.
Whether you are considering the sale or disposal of an asset, or need help calculating your tax liability on existing gains, get in touch with our team today
Capital Gains Tax (CGT) is a tax on the gain when you sell or dispose of an asset that has increased in value.
Disposing of an asset includes:
Capital Gains Tax doesn’t apply to all assets, and the tax you’ll pay depends on if your gains in a given tax year fall under your tax-free allowance.
You will have to pay capital gains tax on the ‘gain’ from any sale or disposal of property that is not your main home (Principle Private Residence). For example:
Any gain made from the sale or disposal of business assets (land or buildings) are also subject to capital gains tax.
If you are a landlord or private individual looking to understand your tax liability on the sale or potential sale of a property, please get in touch to see how we can help. There may also be tax relief available to you.
Alongside gains made on the sale or disposal of land and building assets, you may also need to pay capital gains tax on shares and other investments.
Examples of shares and investments that you may need to pay tax on includes:
There are many other factors that apply to the Capital Gains Tax applicable to the sale or disposal of shares, for example:
Due to the many complexities surrounding the calculation of stocks and shares gains, combined with continually changing HMRC legislation, it’s easy to see why many businesses and individuals come to DS Burge & Co for Capital Gains Tax Advice.