Individuals and business’ are subject to Capital Gains Tax (CGT) when they make a gain – or even sometimes when they don’t, on the sale, transfer or otherwise disposing of assets.
The legislation around CGT is a very complex area with many reliefs and exemptions which may lead to significant tax savings. If you have disposed of any assets, we at TaxPlusAccountants can prepare CGT computations, claim any reliefs you may be entitled to, calculate any liability which may be due as well as file returns on your behalf. As filing and payment dates can be complex – with significant penalties for late filing and/or payment, we can also assist you to avoid those pitfalls.
If you are considering to sell, transfer or otherwise dispose of personal assets or a business we at TaxPlusAccountants can help you plan for such disposal beforehand in order to help mitigate and/or reduce your potential liabilities.