specialist tax advice - capital gains tax
Over the years CGT has been an area were we have been able to make the most significant difference to the tax liability of our clients.
CGT will arise typically where you make a capital profit on the sale of a major asset, or you make a gift to a family member. If you are selling a property then the amounts involved can be significant and there are many reliefs available.
Indeed CGT is voluntary if you reinvest the whole of the proceeds into a company qualifying for EIS then there is no tax.
To set up an initial meeting contact Andrew Webster
current issues
1 October 2010 - interest in CGT planning is increasing as people are aware of the new 28% tax rate.
1 September 2010 - although CGT has gone up to 28% for higher rate taxpayers, it is still less than the 50% top rate of income tax. Take advantage!
business
Reliefs available in a business for the disposal of business assets are more wide spread. Don't miss out!
international
CGT is still due on gains on assets overseas unless you are not domiciled in the UK.
Our team can handle any tax complications arising if you are dual resident.
If you are leaving the UK then plan your timing to minimse your tax liability.
individual
Plan the sale of your property which used to be your home to minimise tax. Don't wait until it is sold.
If you have more than one property, review your CGT elections for private residence to save tax.