Private clients: capital gains tax planning
Income tax is just the start of your tax story. If you sell or give away an asset that has increased in value, you may also be charged capital gains tax on the “gain” or profit.
As with income tax, advance planning allows you to minimise your capital gains tax liabilities.
For example, we can advise on the disposal of business assets so that you receive the maximum benefit from the appropriate tax reliefs. Seeking our advice as far in advance of the transaction as possible is a wise move to give yourself the greatest tax advantage.
We can also advise on the best approach to disposing of other assets, particularly properties other than your main home, where you may be able to claim several special tax reliefs.
The timing and value of quoted share disposals can be a complex matter, but by seeking the advice of our dedicated tax team, we can help you to make the most of the annual exemptions available.
To find out more about how we can help you, please contact us.
The Financial Services Authority does not regulate tax advice.
