Capital Gains Tax

With a long term increase in UK property prices and rise in property investment, there is an ever increasing proportion of the population who will now be caught by the Capital Gains Tax net.

We have the necessary technical expertise and skills to advise our clients on Capital Gains Tax planning – often some relatively minor changes can save tens of thousands in CGT. This is particularly the case where the timing of disposals can be crucial, or other common situations where an election may be made that you are not aware of.

There have been moves in recent times to attempt to ‘simplify’ CGT but our advice here can often be very valuable. The old ‘taper relief’ and indexation’ rules for individuals have gone and business owners now have ‘entrepreneurs’ relief’ to explore. We can advise you here.

We can also advise on the more technical aspects of CGT such as holdover, rollover and other specific elections. All that we can say here is please contact us before a transaction takes place as, more often than not, some simple planning can save a great deal of tax.