Capital Gains Tax

Capital Gains Tax (CGT) can apply when you dispose of assets like property, shares, or investments, and it’s essential to understand how it affects your financial situation. At Tax and Accounts UK, we offer expert advice to help you plan for and manage your CGT obligations efficiently.

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Why Capital Gains Tax is Important

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CGT is due on any profit made from the sale or disposal of an asset, but exemptions and reliefs may apply. With fluctuating markets and various assets in your portfolio, understanding the full scope of CGT and how it applies is crucial to managing your overall tax position.

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Our Services Include:

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• Capital Gains Tax Planning: We help you structure the sale or disposal of assets to minimise your CGT liability, using strategies such as timing disposals and utilising tax reliefs.
• Asset Valuation Assistance: Accurate valuation of assets is crucial for CGT calculations. Our team provides guidance on determining the market value of assets, including property, shares, and collectibles.
• Tax Reliefs and Exemptions: We ensure you take advantage of available reliefs, such as Private Residence Relief, Entrepreneurs' Relief, and the Annual Exempt Amount, to reduce your tax burden.
• CGT Calculation and Reporting: From calculating your gains to preparing and submitting your self-assessment tax return, we handle the complexities of CGT reporting.
• Advice on Inherited Assets: We provide expert advice on the tax implications when you inherit assets and how to structure sales to reduce CGT.

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Our Capital Gains Tax services are tailored to your needs, ensuring that your asset disposals are tax-efficient and compliant with HMRC requirements.

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