Tax Advisor Services – Capital Gains Tax (CGT)
Our tax advisor services for Capital Gains Tax (CGT) help clients avoid traps and minimise taxes.
Our Capital Gains Tax (CGT) Advice
We’ve been able to help clients substantially reduce their CGT using:
- Relief for primary residences.
- Roll-over reliefs.
- Re-investment reliefs.
- Exemptions from CGT.
- Negligible value claims.
- Entrepreneurs’ relief and other business exits.
- Indexation allowance for companies (now limited to assets acquired prior to 2018).
We recommend you seek our advice prior to the sale of a valuable asset.
Capital Gains Tax Advice Case Study 1) Mr and Mrs W
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.
Mr and Mrs W received a complex capital gains calculation setting out the various parameters and key factors so future estate planning could be undertaken.
Capital Gains Tax Advice Case Study 2) The T Family
The T Family called us as they were about to exchange on the purchase of their new home. But 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 that Stamp Duty Land Tax (SDLT) was incorrect and it should instead be reduced by £68,000.
HMRC approved the SDLT return saving £73,000.
Contact us to minimise or start planning to reduce your Capital Gains Tax.