Capital Gains Tax (CGT) Advice – West London

Capital Gains Tax (CGT) Advice – West London

Many new clients were simply unaware of the scale of UK CGT tax savings available to them until they spoke to us.

That’s because there are a huge number of options, alternatives and play-offs available.

We provide tailor-made CGT tax advice on property, shares, and other investments, for your specific needs.

Going the Extra Mile

We’ll go the “extra mile” to help you make substantial CGT savings. That’s because we‘re more than just Chartered Accountants:.

  • You’ll receive comprehensive, tailored capital gains advice – for your specific needs.
  • We employ an in-house Chartered Tax Advisor (CTA), qualified by the Chartered Institute of Taxation. (CTA is the UK’s highest tax qualification.)
  • Many of our tax staff have previously worked for HMRC, so we know how to work with them effectively on your behalf. 
  • Our overheads are typically significantly less than a central London firm and we’re always available online.
  • We’re a mid-sized firm (70 staff) with the resources you need – and are small enough to care.

CG Results

We’ve been able to help clients substantially reduce their CG tax using:

  • Relief for primary residences.
  • Roll-over reliefs.
  • Re-investment reliefs.
  • Exemptions from CG taxes.
  • Negligible value claims.
  • Entrepreneurs’ relief and other business exits.
  • Indexation allowance for companies (now limited to assets acquired prior to 2018).
  • Many others

We recommend you seek our advice prior to the sale of a valuable asset.

Case Study 1) Mr and Mrs W

The problem

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 their 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 of the site.

The result

Mr and Mrs W received a complex capital gains calculation setting out the various parameters and key factors so future estate planning could be optimised whilst also meeting their family needs.

Case Study 2) The T Family

The problem

The T Family called us as they were about to exchange on the purchase of their new home. However, their solicitor had advised they had to pay an additional £5,000 because there was a granny annexe 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.

The result

HMRC approved the SDLT return saving £73,000.

Contact us to relieve your CG headache – and reduce your taxes. You’ll be pleased you did.