Capital Gains Tax

  Does this apply to you?

Individuals are charged Capital Gains Tax in respect of gains made from selling, or disposing of assets.

There are many common assets that can be subject to Capital Gains Tax when they are disposed of, such as stocks, bonds, precious metals and property.

Every individual has an annual capital gains tax allowance. Gains below the allowance are exempt from tax, and capital losses can be set against capital gains in other holdings before taxation. All individuals are exempt from tax up to a specified amount of capital gains per year.

Auxesia Accountancy can analyse your situation to see whether you are liable to pay Capital Gains Tax on any of your assets. We keep up to date with tax law to help our clients save money.

Capital Gains Tax is a very complex area and the legislation is often changing. There are many exemptions that can be benefited from which may reap you significant tax savings.

In addition to any current charges, we can also recommend ways of planning your affairs going forward in order to possibly reduce any capital gains or inheritance tax liabilities.

 

If you have any questions and wish to speak to an advisor, call us now on:

Tel:         01277 725252


Applicable to:  
Businesses Businesses
Individuals Individuals
New Startups New Startups