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Capital Gains Tax (CGT) Management

Early advice and careful timing can maximise CGT savings

Capital Gains Tax (CGT) Mangement Overview

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:

  • How to qualify for Entrepreneurs’ relief
  • How to qualify for roll-over relief
  • How to qualify for gift relief
  • Using a trust
  • Disposal of the main residence
  • Sale of farmland for redevelopment
  • Gifting between connected persons
  • Dealing with family divisions
  • Exchanges of joint interest
  • Reinvestment reliefs

And the earlier we work with you, the more opportunity there may be to make considerable savings and plan effectively for the future.


Sector Specific Service

  • Capital Gains Tax (CGT) is payable on the increase in value of a business asset such as agricultural land and buildings, business property, shares and goodwill. By building close, long-term relationships with farmers and rural businesses, we can deliver the CGT planning that is a crucial element of effective exit and succession strategies, and provide the early CGT advice you need to pass assets down to the next generation, or prepare for a sale to new business owners.

     

  • As a higher-rate taxpayer you are likely to be liable for Capital Gains Tax (CGT) at a rate of up to 28% on the sale of any chargeable assets. However, our specialist team will work with you to make the best use of the range of reliefs and allowances available, and advise you on ways to reduce your CGT burden.

  • Capital Gains Tax (CGT) is payable on the increase in value of a business asset such as land and buildings, business property, shares and goodwill. By building close, long-term relationships with owner-managed businesses, we can deliver the CGT planning that is a crucial element of effective exit and succession strategies, and provide the early CGT advice you need to pass assets down to the next generation, or prepare for a sale to new business owners.




"All the team are so friendly and I have complete confidence that the team understand my requirements and have a watchful eye over my finances."

N. Moass
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