Capital Gains Tax

Capital Gains Tax legislation in our tax system was first introduced in 1965 and in each year's Budget we see changes and modifications to this complex area of legislation. 

It is important to take full and proper advice to mitigate your exposure.  Tax planning in this respect can range from a simple phased transfer or sale of assets, with if possible utilisation of spouse's annual exemption, together with the interaction of losses on previous transactions but planning does not stop there...........  Transfers of business assets may have reliefs attached to them as can assets transferred in Trust if certain conditions are fulfilled.  Careful planning and advice is needed.

For those in business, Entrepreneur Relief is available to mitigate Capital Gains Tax exposure.  It is important that all qualifying conditions are satisfied in order to secure this valuable relief which can mitigate Capital Gains Tax down to 10% of any gain.

It is always necessary to plan ahead to ensure that valuable reliefs are available - to wait until a sale is planned or imminent is often too late.

We have extensive experience in these matters in dealing with HM Revenue & Customs in all aspects of Capital Gains Tax.  Remember plan in advance - this is essential!

For further information on how we can help you, contact:

Jason Fayers
tel:       01473 259201
email: Jason Fayers

Graham Doubtfire
tel:       01206 838400
email: Graham Doubtfire