Disposal of capital assets has to be undertaken carefully if you wish to reduce your Capital Gains Tax bill and planning, well in advance, is essential. Certain assets qualify for Entrepreneurs’ Relief and attract CGT at 10%. 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