Other assets are subject to CGT at 10%/18% (for basic rate gains) or 20%/28% for higher rate gains, the higher rates applying to second homes and buy-to-let residential properties.
Clearly, you will wish to qualify for Entrepreneurs’ Relief wherever possible and we can help through a number of Capital Gains Tax planning services, including:
- Assessment of your aspirations
- Advice on disposal
- Calculating your liability
- Property tax strategy
- Structuring family assets
- Selling at the right time