We legitimately reduce your Capital Gains Tax bill
Over the past 80 years we have accumulated a vast range of knowledge and experience, especially in respect of tax. We have a wealth of expertise when it comes to mitigating the impact of Capital Gains Tax. Many events can lead to a capital gain or loss, besides the obvious one of selling an asset. We have experience of all the various scenarios and as a result we are experts in this field.
In addition, as with any tax it is important to stay up to date with the latest legislation, but don’t worry – we do that so you won’t have to. Our tax team have technical expertise that is second to none, matched only by their dedication to saving you money where legitimately possible.
Capital Gains Tax can be a complicated area. We will provide you with practical advice to maximise any tax savings and remove the worry and stress.
A Capital Gains Tax update
From 6 April 2016, Capital Gains Tax rates fell from 18% to 10% for gains taxed at the basic rate and from 28% to 20% for higher rate gains.
The tax rate has also reduced to 20% for chargeable gains of trustees and personal representatives.
The new lower rates apply to most chargeable gains including shares and other financial assets but does not include gains which arise on residential properties. The availability of the Capital Gains tax exemption for the main residence becomes even more important.
It could be said that capital gains have become attractive again. You need our advice to judge whether they are the right type of gains.