Firstly, what is it? Capital Gains Tax is payable to HM Revenue & Customs (HMRC) when an individual, trust or company sells, transfers or gifts property (tangible or intangible) to another entity realising a financial gain.
Expert Capital Gains Tax Advice
As with most taxes, there are numerous exemptions and reliefs available, most of which are complex and require specialist advice. That’s where Dains comes in.
Some assets are not liable to Capital Gains Tax, whereas others are only liable above a certain value.
There is also an annual allowance, enabling individuals to make small gains on disposals each year without paying any tax at all.
If you own anything of value and decide to sell it, you potentially fall within the realms of Capital Gains Tax. If you do not inform HMRC of your disposal, you could also be liable to interest and possible penalties.
Complicated and detailed calculations are required in order to finalise how much Capital Gains Tax is payable on the disposal of a particular asset. There are many reliefs and exemptions available, which can reduce or eliminate your tax bill, and should help ensure you pay the minimum amount of Capital Gains Tax.
By knowing what deductions can be made in computing the taxable gain, we can make a substantial impact on the actual Capital Gains Tax payable, whether the disposal has been made or is being considered.
WHY PARTNER WITH DAINS FOR CAPITAL GAINS TAX ADVICE?
The Dains team has multiple years of experience in effective tax planning strategies to protect businesses and personal assets from the impact of Capital Gains Tax.
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EXPERT KNOWLEDGE
Tax laws and regulations can change, impacting Capital Gains Tax rules. We help you remain compliant with the latest legislation and take advantage of any new opportunities for tax efficiency.
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Share Valuations Advice
We can help advise on share valuations, looking at market data and monetary discounts to suggest share valuation.
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Investment Advice
We can provide advice on tax-efficient investment strategies to minimise Capital Gains Tax liabilities, helping you explore tax-favourable investment options or timing the disposal of assets strategically.
No matter your unique circumstances, Dains is equipped with the knowledge and experience to help you effectively navigate the complexities of Capital Gains Tax.
Advice You Can Trust
The Dains team has extensive knowledge surrounding capital gains and losses, annual exemptions and reliefs, allowable deductions and much more, offering an unparalleled Capital Gains Tax advice service.