Capital Gains Tax - Planning

Capital gains tax can be a complex and demanding area. You will want to minimise any tax that you will be liable for arising from any capital gain. With prior tax planning at the time of purchase, we can help you possibly mitigate the CGT payable.

We can tell you if you are:

Claiming maximum reliefs

Utilising available exemptions

Ensuring all tax deductible expenses are claimed

Aswell as looking at other options, such as using trusts, EIS and VCTs, rollover and gift relief.

This area has of course come into the spotlight recently due to the changes that have been announced i.e.

New entrepreneur’s relief

New flat rate of 18%

Abolition of indexation and taper relief

It is important that you ensure you are adhering to the new regime. We are familiar with the new rules and will be able to advise on what is the best action to take

In order to keep you CGT to a minimum, it is vital that you ensure tax plans are in place at the time of purchase of your asset, as attempting to mitigate tax at the point of sale is often difficult.