Capital Gains tax
Capital gains tax (CGT) is a tax on the profit you make when you sell or dispose of an asset that has increased in value. It applies to assets such as property, shares, business assets, and personal possessions. If you are a UK resident, you may have to pay CGT on your worldwide gains. However, there are various reliefs and exemptions that can reduce or eliminate your CGT liability.
We are providing capital gains tax services in UK to help you plan and manage your CGT affairs. We can advise you on the best way to structure your transactions, claim the reliefs and exemptions that you are entitled to, and file your CGT returns with HM Revenue and Customs (HMRC). We can also help you with any enquiries or disputes that may arise from your CGT matters.
Our team of experts has extensive experience and knowledge of the UK CGT regime and its implications for individuals and businesses. We can help you with all aspects of CGT, including:
- Calculating your CGT liability and reporting it to HMRC
- Claiming the annual exempt amount, personal allowance, and other deductions
- Utilising the CGT rates and bands that apply to your situation
- Claiming reliefs such as entrepreneurs' relief, investors' relief, private residence relief, and business asset disposal relief
- Dealing with complex issues such as non-resident CGT, foreign assets, trusts, partnerships, and joint ownership
- Planning ahead for future CGT events and minimising your exposure
Whether you are selling a property, a business, or an investment portfolio, we can help you achieve the best possible outcome for your CGT situation. Contact us today to find out how we can assist you with our capital gains tax services in UK.