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Capital Gains Tax
Capital gains tax (CGT) planning is essential when an individual is contemplating the disposal of a capital asset; for example, the sale of property, quoted shares and especially, the sale of shares in a family owned business or company.
It is best to seek advice well before making a disposal to ensure that all reliefs, exemptions and allowances which are available can be claimed to help minimise any capital gains tax payable.
How we would help you:
- Calculate the likely capital gains tax payable by you on a disposal and advising on the timing of a disposal.
- Advise on the best use of available exemptions; for example, annual exemption, spouse exemption or gifts to charity.
- Advise on transferring assets between husband and wife to maximise reliefs.
- Advise on the potential capital gains tax payable on a gift, if no relief available.
- Advise on the availability of Entrepreneurs' Relief.
- Advise on other reliefs such as gift relief, principal private residence relief, reinvestment relief and rollover relief.
The above factors vary from client to client but we can advise you if it is possible to reduce, delay or defer
any tax liability.
For more information please contact us.
