Capital Gains Tax
Capital Gains Tax is a notoriously complicated area. However, it is basically a tax on the increase in the value of the possession or item in the time that you have owned it. CGT is payable on assets like property or shares and is calculated once the asset is sold or gifted.
Do you know what your Capital Gains Tax (CGT) liabilities are and how you can manage allowances and exemptions to protect your assets? We can help you take both of these into account.
Certain transactions such as the sale of shares or property may give rise to a capital gains tax liability.
It is crucial that you know what steps you can take to minimise, reduce or remove any liability. There are also several forms of relief, allowances and exemptions which you are at liberty to utilise if you meet certain criteria. We guide you through all of these, making sure you pay the right amounts of tax and that your finances are secure.