Capital gains tax planning

Reliefs, exemptions and rates

Capital Gains Tax is the tax on the profit when you sell (or ‘dispose of’) something that’s increased in value. You pay the tax on the gain – or profit – that you have made.

It’s so much more than just using your annual exemptions and allowances! That’s why we take the time to really understand your affairs so we can make sure you’re organised in the very best way to make the most of the available reliefs so you pay the least amount of tax.

Benefits

The rules are complex and change regularly, so you may well lose out if you don’t take advice. For example, did you know spouses and business owners have particular advantages ?

Quality assurance

There are other exemptions too that our  qualified team can advise on, as well as pointing you in the direction of tax-free investments.

What we can do?

By getting really to know you, we can ensure you get the best advice. For example, can we make use of any capital losses, can you take advantage of the many allowances; and do we need to consider the interaction with pension planning.

How much is it?

Fees really depend on the complexity of the case, but we’ll give you an idea.

FAQs

I’ve heard that some gains can be held-over: what does that mean? Well, it doesn’t mean you don’t pay tax! It means the tax is deferred. 

Is tax payable on the profit on sale of all assets? Not quite: some are exempt, like your home and certain chattels. 

And are investments in EIS schemes tax-free? Yes, they can be in certain circumstances.