Capital Gains Tax
Capital Gains Tax (CGT) is often triggered when an asset is disposed of at a profit but it can also be relevant for gifts, transfers and asset swapping. Therefore it is vital to seek professional advice and put in place effective pre-transaction plans before disposing of an asset to minimise, defer or even eliminate the tax burden and maximise the available relief.
Our team of qualified tax specialists have extensive knowledge and experience dealing with all issues relating to capital gains tax. We provide proactive tax advice on the best way to mitigate your CGT exposure, consistently saving our clients significant amounts of tax through our advice and implementation of proactive planning and mitigation methods.
There is nothing worse than a surprise tax bill and with our proactive advice and guidance, this can be avoided.
We can help you:
Advice on how and when is best to dispose of your asset so that you reduce your capital gains tax bill
Advice on the availability of relief applicable to your situation, including:
- Annual allowance
- Business Asset Disposal Relief (Previously Entrepreneurs relief)
- Business Asset Rollover Relief
- Private Residence Relief
- Letting Relief
- Advice on the use of existing capital losses
- Ensure your gains are maximised
- Obtain HMRC agreement where valuations are involved
Make an Enquiry
To enquire about the business and accounting services that we offer in St Albans, Hertfordshire, and surrounding regions, contact our office today on 01727 750000 or email us at office@gilberts.uk.com.