If you are thinking of selling or disposing of an asset, you may be liable to pay Capital Gains Tax (CGT). But by carefully timing the disposal, you can make the best use of the CGT reliefs and allowances available.
Our tax specialists will work closely with you to advise on your personal circumstances and effectively manage any tax liability. A chargeable gain or loss applies to the sale or disposal of all chargeable assets, and is calculated separately for each asset. This may include the gifting as well as the sale of land and property, business assets and agricultural property.
CGT is payable on the aggregate of gains and losses made in a tax year. We can advise you if CGT will arise from the sale of any asset, and work out how much CGT is payable to HMRC.
Specialist CGT areas we can advise you on include:
And the earlier we work with you, the more opportunity there may be to make considerable savings and plan effectively for the future.
To chat to us about your plans, get in touch with us or make an appointment with one of our tax experts at one of our offices in Exeter, Wells, Chippenham and Yeovil.
