Business Setup

 

We can help you assess whether you have to pay capital gains tax, advise whether any relief is available and calculate how much you need to pay.  Business Setup Capital gains tax (CGT) is a tax on the profit – or gain – you make when selling an asset. You do not have to pay CGT if your gains for the tax year are below your yearly tax-free allowance. Contact our specialist capital gains tax advisors to discuss the many ways that we can reduce your capital gains tax liability.Generally, capital gains tax is payable when you sell or transfer property, shares or other assets, usually on worldwide assets. Depending on the country and type of asset, the gain may be taxed on a sliding scale as income or at a fixed rate.Our tax expertise in this area means we are able to help you understand the rules and importantly, the reliefs and exemptions available. We can break these down for your situation and talk you through the complicated aspects, along with preparing what-if calculations and quantifying the tax payable.A capital gains tax is a tax on the growth in value of investments incurred when individuals and corporations sell those investments. When the assets are sold, the capital gains are referred to as having been "realized." The tax doesn't apply to unsold investments or "unrealized capital gains," so stock shares that appreciate every year will not incur capital gains taxes until they are sold, no matter how long you happen to hold them .