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We will ensure that your capital provides long-term funds as tax efficiently as possible. When necessary we carefully evaluate your exposure to Capital Gains Tax so that you are aware of the potential impact on your cash flow and can prepare accordingly.
With careful and early tax planning it is often possible to reduce or eliminate Capital Gains Tax. By looking at your specific situation we may be able to reduce or delay the payment of your Capital Gains Tax liability.
Reducing your Capital Gains Tax liability
- We can ensure you get the maximum benefit from Entrepreneurs' Relief by helping you set up tax-efficient business structures from the start or by helping with restructuring in advance of a sale.
- We can ensure you claim any other available reliefs and exemptions such as:
- Principal Private Residence Relief
- Lettings Relief
- Gift Relief
- Annual Exemption
- Chattel Exemption
- We can advise you whether it is worth considering changing the ownership of an asset, for example if your spouse has unused annual exemptions or capital losses,
Delaying when Capital Gains Tax is payable
- We can advise how the timing of a sale will impact on the payment date and whether the disposal can be spread over more than one tax year, to maximise available reliefs and exemptions,
- We can advise on the use of:
- Rollover relief,
- Holdover relief,
- Deferral Relief.
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