Capital gains tax
Capital Gains Tax occurs when an asset is disposed of and is payable by the person disposing of the asset. The word asset has a wide definition, but examples of some of the more common ones would be property, land and shares.
If you are considering disposing of an asset you should ideally seek professional advice before doing so. Not all assets will be subject to CGT, and in many cases if there is a CGT liability, it may be possible to reduce or eliminate this altogether. In addition your own residency could have a significant impact on any tax payable. Proper planning beforehand could significantly reduce your tax bill.
We can advise on the CGT implications of disposing of your asset, and provide guidance on the best way to structure your affairs.
To arrange a consultation please contact us.
Switching to us
Getting onboard with us couldn’t be any simpler
Even if you want to change accountants the thought of going through the process can mean it always ends up at the bottom of the to-do list. That’s why we’ve gone out of our way to simplify the process and do as much of the running as possible. All you need to do, really, is set us off and just leave the rest to us.
Step one: talk to us
Get in touch so we can get to know each other, work out what support you need and agree on fees.
Step two: decide to switch
When you’ve made your choice, tell us then and we’ll handle the paperwork and process with your current accountant.
Step three: get onboard
We’ll get you set up on our systems, securely transfer your financial data and get you ready to go.
Other tax advice services:
Let’s talk today
Ready to get started? Reach out to us today and we’ll set up a call to get things moving. Meeting new clients is just about our favourite thing in the world – let’s see what we can do to make your life easier.