Capital Gains Tax

Capital Gains Tax (CGT) is often triggered when an asset is sold at a profit but it can also come into play on gifts, transfers and even asset swaps.

Our tax expertise in this area means we are able to help you understand the rules and, importantly, the reliefs and exemptions available. We can break these down for your situation and talk you through the complicated aspects, along with preparing what-if calculations and quantifying the tax payable.

Nobody likes a surprise tax bill and with our help and guidance, these surprises can be avoided.

We can help you:

• Understand how best to own assets to maximise the reliefs between a husband and wife or across a family, including in divorce matters
• Plan how and when to make a sale or gift, making best use of losses, allowances, reliefs and exemptions available
• Establish share valuations and business valuations
• Review whether you need to report a disposal and when and how to do so, along with preparing your tax return or any non-resident CGT return (as applicable)
• Obtain HMRC’s approval to any valuation aspects for certainty on the tax payable ahead of when it is due and to reduce the risk of a Tax Investigation

We also offer expert tax advice on maximising Entrepreneurs’ Relief and Rollover Relief, whilst steering you away from the common pitfalls. Although the reliefs can be generous, it is important to carefully review your position to ensure the conditions are met well ahead of a planned exit.