CAPITAL GAINS TAX

The experts at The Accountancy Solutions have a wealth of experience in the sector of capital gains tax planning and know exactly what to do when somebody is intending to dispose of a capital asset. Often, dealing with capital gains tax payment and expectations can be difficult, the knowledgeable that our certified team can offer will help you to get a better understanding of the requirements of capital gains tax.

It is important to understand where you are required to pay capital gains tax and in which situations it is not required, this can ensure that you don’t face a penalty or instigate an investigation for unpaid CGT. Certain gifts, some profits and winnings can all be made exempt from capital gains tax, knowing where you stand with capital gains tax can save you considerable time and money.

Advice For Capital Gains Tax

Individuals should always seek advice when disposing of a capital asset as failure to do so could mean they lose out on available tax relief as well as exemptions and allowances. We work to calculate the potential capital gains tax that would payable upon the disposal, as well as offer advice on whether a form of relief would be available, as well as exemptions or the transferring of assets. If disposal is the only option, we will advise clients on the best time do so.

Once all avenues have been explored, it is sometimes possible to defer the liability of tax on capital gain and we will do what we can to deliver the outcome that you are looking for. With our extensive experience dealing with CGT, we can assist you with every step of the process, ensuring that you retain as much profit from the sale of an asset as possible.

What you need to know about cgt

Capital assets include company shares, stocks, shares in property etc. We are here to help you.

Our team provides guidance for all aspects of capital gains tax, including planning, compliance, and reliefs. Contact us for tailored advice.

Capital Gains Tax i.e., influencing time of sale : There are many benefits to proficient planning when it comes to capital gains tax and being prepared can save you considerable money, especially on high value items. Advanced preparation and experienced knowledge on CGT can better situate you to sell your asset at the right time. At The Accountancy Solutions, we will ensure you have all the knowledge you need going forward, From helping you to understand the different CGT rates to the use of genuine gifts.

Claim all valid deductions against capital gains : Claiming all the valid deductions available to you can help you to reduce your capital gains tax. From professional fees and indexed allowance to enhancement expenditure, our certified accountants can work with you to find where you are eligible for valid tax reductions, taking the worry away from expensive capital gains tax bills. 

Entrepreneur Relief and Letting Relief: Exclusive Tax Benefits :

• Entrepreneur Relief: If you’re planning to sell company shares or qualifying assets, you could enjoy significantly reduced tax rates.
• Letting Relief: When selling your own rental property, you can also use this policy to reduce your tax burden. These relief rules are complex and strict, but our professional advisors will clarify the conditions for you, secure the maximum benefit, and lower your tax liability.

Deferral Strategies: Roll-Over Relief, Hold-Over Relief and EIS Deferral

• Roll-Over Relief: By reinvesting proceeds from asset sales into qualifying new business assets, you can defer paying capital gains tax.
• Hold-Over Relief: If you gift business assets to others, the related tax can be deferred after a certain period.
• EIS Deferral Relief: By investing your gains into shares of approved Enterprise Investment Scheme (EIS) companies, you can indefinitely defer taxes and potentially obtain even greater relief. With these strategies, minimizing your tax liability is straightforward. Our accountants will take a deep dive into your business and asset situation to identify the optimal relief path for you.

Why Choose Us?

• Extensive Experience: We have specialized in capital gains tax for years and are thoroughly familiar with various rules and relief policies.
• Tailored Solutions: Whether you are an entrepreneur or an individual investor, we can design a personalized plan for you.
• Money-Saving and Hassle-Free: From planning to execution, our goal is to maximize your asset returns while minimizing your tax expenses.

Capital Gains Tax Support

If you regularly purchase and sell assets at a profit, then keeping track of your CGT requirements can be a very time-consuming process. To ensure that you are paying the right amount of CGT on your gains, and can prove your accounts, the help of a professional qualified accountant can be invaluable.

When you dispose of any asset, it is vital to keep detailed records so that you can prove the disposal to HMRC. With the help of a trained CGT accountant, you can ensure that your records are an accurate reflection of your assets, whether they are personal assets or business assets. At The Accountancy Solutions, we provide a confidential service that you can trust to take care of your records and your requirements for CGT. For more information about CGT and how we can help with business and personal CGT, don’t delay in contacting our expert team. 

• Comprehensive Support: We offer end-to-end support for your capital gains tax needs, from record-keeping to HMRC submissions.
• Expert Guidance: Our experienced accountants help you navigate complex CGT rules and maximize your tax efficiency.
• Personalized Service: Every client receives tailored advice to ensure the best possible outcome for their unique situation.