Capital Gains Tax (CGT) Advisory Services
We’ll help you improve your Capital Gains Tax (CGT) position because we’re more than standard Chartered Accountants:
- 60% of our tax staff have previously worked for HMRC – so we know how to effectively work with them – on your behalf.
- We employ an in-house Chartered Tax Advisor (CTA), qualified by the Chartered Institute of Taxation. (CTA is the UK’s highest tax qualification.) He helps our clients reduce their taxes, and risks, by providing the highest quality advice for businesses and high net worth individuals.
- We provide comprehensive advice. As a result, you’ll receive great value because a single discussion can leverage multiple areas of our expertise.
- Our fees are typically significantly less than a central London firm and always available online.
- We’re a mid-sized firm (60 staff) – we have the resources you need – and are small enough to care.
Our Capital Gains Tax (CGT) Advice
We’ve been able to help clients to substantially reduce their CGT using:
- Relief for primary residences.
- Roll over reliefs.
- Re-investment reliefs.
- Exemptions from CGT.
- Negligible value claims.
- Entrepreneurs relief and other business exits.
- Indexation allowance for companies (now limited to assets acquired prior to 2018).
We recommend you seek our advice prior to the sale of a valuable asset.
Case Study 1) : Mr and Mrs W
Mr and Mrs W wanted to give away assets to their children. There was a very complex history surrounding the family home, part of which was lived in by one child.
The property had been redeveloped and expanded and contained additional development land. Mr and Mrs W wanted to understand capital gains position so they could adjust their gift using other assets.
How we helped
We reviewed the history of ownership and beneficial interest in the property along with the different uses and developments to the site.
Mr and Mrs W received a complex capital gains calculation setting out the various parameters and key factors so future estate planning could be undertaken.
Case Study 2) The T Family
The T Family called us as they were about to exchange on the purchase of their new home. But their solicitor had advised they had to pay an additional £5,000 because there was a granny annex to the property.
How we helped
We reviewed the proposed purchase and the property and concluded the Stamp Duty Land Tax (SDLT) calculation was incorrect and it should be reduced by £68,000.
HMRC approved the SDLT return saving £73,000.
Contact us to reduce your Capital Gains Tax.