Capital Gains Tax

Individuals are charged Capital Gains Tax in respect of gains made from selling, transferring, or otherwise disposing of assets.

This can include selling shares, transferring a property to someone else, exchanging an asset for something else or receiving compensation…the list is quite expansive!

However, the actual amount of Capital Gains Tax you will have to pay will vary depending on your tax-free allowance and any other additional reliefs you have taken.

Careful planning of capital asset disposals is essential to minimise capital gains tax. We have vast experience in dealing with all aspects of capital taxes and provide accountancy services to assist our clients with calculating potential capital gains tax.  We ensure that available reliefs such as entrepreneurs’ relief, principal private residence relief and lettings relief are maximised together with exemptions such as the annual exemption, spouse exemption or gifts to charity. In addition to this we also offer a specialist service for UK property owned by non-residents. Our tax advisers can assist you in this planning and advise you on options to minimise your exposure.