Capital Gains Tax (CGT) will usually apply to the gain made when disposing or selling assets at a profit.
There are a range of reliefs available to mitigate this liability so it is important to get the right advice before embarking on such transactions.
We can help you plan for and calculate your CGT on a wide variety of disposals, not limited to:
- Property sales
- Assets transferred to children or other family members
- Business restricting
- Sale and gifts of shares
- Offsetting losses
It is important to note that some disposals will need reporting and settling separately to your Annual Self-Assessment Tax Return. For example, when disposing of an investment property this needs to be reported and any liability paid within 60 days of completion.