Friday, 26 February 2021

Capital Gains Tax advise


 Capital Gains Tax is a tax on the profit when you sell (or ‘dispose of’) something (an ‘asset’) that’s increased in value. Capital Gains Tax advise  It’s the gain you make that’s taxed, not the amount of money you receive.If you have a simple question about Capital Gains Tax (CGT) you can ask one of our UK tax accountants for help. They are the best people to approach in such cases and where you don't have an accountant. They may also be able to help you on an ongoing basis or with filing your tax return and disclosing your capital gain to the taxman. Our specialist tax advisers are better placed to help resolve more complex issues including those that relate to correspondence you have received from HMRC Capital gains tax (CGT) is a complicated subject so we provide an introduction only here. We do cover the main issues, though, and signpost you to where you may find extra help. They can also provide you with advice on capital gains tax issues related to land and property related transactions, CGT mitigation, entrepreneurs’ relief, investors relief and capital gains involving trusts and collective investment schemes. Other more complex and worrying problems might include those related to CGT related loss claims arising from failed investments in EIS and SEIS ventures, share disposals, transfers of business assets and corporation tax on chargeable gains. 

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