CGT liabilities can arise when an individual disposes of an asset which has increased in value since it was acquired. It does not matter if the asset was sold or gifted, a CGT liability may still arise.
We are here to help if you would like advice on how to report and pay CGT liabilities, as well as reducing or delaying CGT liabilities as far as possible.
There are numerous tax reliefs and deferral mechanisms available to reduce or delay CGT liabilities. That is why we ensure that we understand the individual and the transaction fully so that we can recommend the best option available.
Additionally, we can help you to plan tax efficiently for future disposals of assets. Sometimes small actions can have a significant impact on future tax liabilities; proactive planning is key to minimising future CGT liabilities.
We get the best results for our clients by having a team of tax experts at hand who fully understand their clients and the underlying legislation.
With a large portfolio of individual clients, we advise our clients on capital gains tax almost daily. We pride ourselves on providing bespoke and proactive advice to each client’s individual circumstances.
If you have disposed of an asset and would like advice on reducing your CGT liability or would like tax planning advice to reduce a future capital gains tax liability, get in contact for a free initial discussion.
What our clients say
« Bracey’s have provided us with a whole host of advice – personal tax, PAYE, R&D claims, Corporation Tax, payroll & pensions. As with a lot of businesses, we have randomly been selected for a VAT enquiry from HMRC. This can be quite a daunting occasion for a small business but the team from Bracey’s attended our offices to offer HMRC any information they needed and they conducted themselves in a capable, unfazed manner «
« Bracey’s have dealt with a number of areas as part of my tax return including foreign exchange income, online sales, buy to let income, VAT registration, advice regarding companies house and everything else in between. Nothing has been too much trouble or too complicated. «
« Bracey’s have been instrumental in streamlining my invoicing procedure, they are speedy with their responses, friendly and always extremely patient; which if you knew me, is really needed! Braceys have provided me with accounts/tax/invoicing and all the usual; but on top of this, advice on a whole manner of situations that arise in my business. «